PHARMACY ALLOWANCE definition

PHARMACY ALLOWANCE means the lower of: • the amount the pharmacy charges for the prescription drug; • the amount we or our PBM have negotiated with a network pharmacy; or • the maximum amount we pay any pharmacy for that prescription drug.
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PHARMACY ALLOWANCE means the lower of: • the amount the pharmacy charges for the prescription drug; or • the amount we or our PBM have negotiated with a network pharmacy . PHYSICIAN means any person licensed and registered as an allopathic or osteopathic physician (i.e. D.O or M.D.). For purposes of this plan, the term physician also includes a licensed dentist, podiatrist, chiropractic physician, nurse practitioner, or a physician assistant practicing.
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PHARMACY ALLOWANCE means the lower of: • the amount the pharmacy charges for the prescription drug; • the amount we or our PBM have negotiated with a network pharmacy; or • the maximum amount we pay any pharmacy for that prescription drug. We may receive rebates for certain prescription drugs on our formulary. When you buy a prescription drug for which we receive a rebate, we may pass a portion of that rebate to you, through a reduction to the amount we or our PBM have negotiated with the network pharmacy. This reduction may result in a lower cost for you. We reserve the right to stop passing rebates to you any time if there is a change in our ability to receive these rebates, or there is a change in our contract with our PBM that impacts rebates.
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More Definitions of PHARMACY ALLOWANCE

PHARMACY ALLOWANCE means the lower of:  the amount the pharmacy charges for the prescription drug;  the amount we or our PBM have negotiated with a network pharmacy; or  the maximum amount we pay any pharmacy for that prescription drug. We may receive rebates for certain prescription drugs on our formulary. When you buy a prescription drug for which we receive a rebate, we may pass a portion of that rebate to you, through a reduction to the amount we or our PBM have negotiated with the network pharmacy. This reduction may result in a lower cost for you. We reserve the right to stop passing rebates to you any time if there is a change in our ability to receive these rebates, or there is a change in our contract with our PBM that impacts rebates. PHYSICIAN means any person licensed and registered as an allopathic or osteopathic physician (i.e. D.O or M.D.). For purposes of this plan, the term physician also includes a licensed dentist, podiatrist, chiropractic physician, nurse practitioner, or a physician assistant.
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Related to PHARMACY ALLOWANCE

  • Utility Allowance means a monthly allowance, as provided by the local public housing authority or as otherwise allowed by HUD rules and the GLO rules, for utilities and services (excluding telephone services) to be paid by the tenant. Contextual Note: Unless the context clearly indicates otherwise, an above definition for a singular term shall also apply (where appropriate) to the plural form of such term and vice versa to the extent necessary for giving the proper meanings to the terms defined in this Article II and/or terms otherwise used in this Agreement.

  • SO2 Allowance means “allowance” as defined at 42 U.S.C. § 7651a(3): “an authorization, allocated to an affected unit by the Administrator of EPA under Subchapter IV of the Act, to emit, during or after a specified calendar year, one ton of sulfur dioxide.”

  • Disability allowance means monthly payments during

  • Preferred Allowance means the amount a Preferred Provider will accept as payment in full for Covered Medical Expenses.

  • training allowance means an allowance (whether by way of periodical grants or otherwise) payable—

  • Retirement allowance means the retirement payments to which a member is entitled.

  • disability living allowance means a disability living allowance under section 71 of the SSCBA;

  • Maximum Applied Water Allowance or “MAWA” means the upper limit of annual applied water for the established landscape area, as specified in Section 2.2 of these Guidelines. It is based upon the area’s reference evapotranspiration, the ETAF, and the size of the landscape area. The Estimated Applied Water Use shall not exceed the Maximum Applied Water Allowance.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Density bonus means a floor area ratio bonus over the otherwise maximum allowable density permitted under the applicable zoning ordinance and land use elements of the general plan of a city, including a charter city, city and county, or county of:

  • Employer Contributions means all amounts paid into ASRS by an

  • Annual Additions means the sum of the following amounts credited to a Participant for a Limitation Year:

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Fringe benefit means health insurance, a retirement benefit received under a pension plan or defined contribution plan, a paid vacation day, a paid holiday, sick leave, or any other similar employee benefit provided by an employer.