Common use of Retail pharmacy program Clause in Contracts

Retail pharmacy program. There will be a retail pharmacy program with easy access to pharmacies throughout the state. Co-pays for a thirty (30) day supply of prescription drugs including coverage of prescriptions from a licensed dentist are: ten dollar ($10.00) co- payment for generic, twenty-five dollar ($25.00) co-pay for a formulary brand name drug and a fifty dollar ($50.00) co-pay for a non-formulary brand name drug. Where a generic equivalent is available, the co-pay for a non-formulary brand name drug shall be fifty dollars ($50.00) and the difference in cost between the generic equivalent and the non-formulary brand name drug. Generic medication classifications will be determined by the PBM based on industry standards in which the PBM utilizes an independent third party data service for new and existing drug product pricing, coding, and classification information. Preventive medication may be provided at no cost as required by the Patient Protection and Affordable Care Act. Specialty medications are filled and mailed by a specialty pharmacy and limited to a thirty (30) day supply; the copays shall be the same as a thirty (30) day supply at retail. For a ninety (90) day supply obtained at a retail pharmacy, the copays shall be three (3) times the copay amounts for a thirty (30) day supply. Oral oncology medications have a maximum copay of one hundred dollars ($100) for a thirty (30) day supply.

Appears in 1 contract

Sources: Collective Bargaining Agreement

Retail pharmacy program. There will be a retail pharmacy program with easy access to pharmacies throughout the state. Co-pays Copays for a thirty (30) thirty-day supply of prescription drugs including coverage of prescriptions from a licensed dentist are: ten dollar ($10.00) co- payment for generic, twenty-five forty dollar ($25.0040.00) co-pay copay for a formulary brand name drug and a fifty dollar seventy five ($50.0075.00) co-pay copay for a non-non- formulary brand name drug. Where a generic equivalent is available, the co-pay copay for a non-formulary brand name drug shall be fifty seventy- five dollars ($50.0075.00) and the difference in cost between the generic equivalent and the non-formulary brand name drug. Generic medication classifications will be determined by the PBM based on industry standards in which the PBM utilizes an independent third party data service for new and existing drug product pricing, coding, and classification information. Preventive medication may be provided at no cost as required by the Patient Protection and Affordable Care Act. Specialty medications are filled and mailed by a specialty pharmacy and limited to a thirty (30) day supply; the copays shall be the same as a thirty (30) day supply at retail. For a ninety (90) day supply obtained at a retail pharmacy, the copays shall be three (3) times the copay amounts for a thirty (30) day supply. Oral oncology medications have a maximum copay of one hundred dollars ($100) for a thirty (30) day supply.

Appears in 1 contract

Sources: Collective Bargaining Agreement