CVS Health

HQ
Woonsocket, Rhode Island, USA
Total Offices: 7
119,959 Total Employees
Year Founded: 1963
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CVS Health Compensation & Benefits

Updated on October 14, 2025

This page was generated by Built In using publicly available information and AI-based analysis of common questions about the company. It has not been reviewed or approved by the company.

How are the compensation & benefits at CVS Health?

Strengths in healthcare coverage, retirement programs, and family supports are accompanied by challenges around wage adequacy, raise progression, and the affordability of health benefits. Together, these dynamics suggest a benefits‑rich package whose value is offset for many by perceived pay misalignment and out‑of‑pocket costs, tempering overall compensation sentiment.
Positive Themes About CVS Health
  • Healthcare Strength: Medical, dental, and vision coverage are available, with free preventive care and access to virtual primary, acute, and mental health care plus no‑cost MinuteClinic wellness services. HSA‑eligible options include company contributions in eligible plans.
  • Retirement Support: A 401(k) savings plan provides a dollar‑for‑dollar company match up to 5% after tenure requirements. An employee stock purchase plan enables share purchases at a discount.
  • Parental & Family Support: Paid parental leave is provided after one year of service, alongside back‑up child and elder care through Bright Horizons. Financial support for adoption, surrogacy, and doula services is also offered.
Considerations About CVS Health
  • High Benefits Costs: Health insurance premiums are considered expensive, and some find the company plans unaffordable despite the breadth of coverage. This cost concern leads some to forgo coverage through the employer.
  • Stagnant Pay & Limited Progression: Annual raises are often described as small and not keeping pace with rising costs, and reduced hours can further limit earnings for hourly roles. Pay growth is perceived as slow without promotions.
  • Poor or Misaligned Recognition & Rewards: Pay is seen as not aligning with the level of responsibility and workload in pharmacy and store positions. Reports cite being expected to cover multiple roles without commensurate compensation.
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The insights on this page are generated by submitting structured prompts to some of the most popular large language models (“LLMs”) and summarizing recurring themes from the responses. Because the insights are generated using AI, they may contain errors. The insights do not necessarily reflect internal data, employee interviews, or verified company information. They may be influenced by incomplete, outdated, or inaccurate data, and may vary across LLM providers. These insights are intended for informational purposes only and should not be interpreted as a factual or definitive assessment of a company's reputation. Built In makes no representations or warranties regarding the accuracy, completeness, or reliability of this information, and disclaims any liability for any actions taken based on this information. If you are a representative of this company, and would like this page to be removed, you may contact us via this form.
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