Prescription drug benefits
The Board of Pensions provides comprehensive, high-quality prescription drug benefits with all medical options. These benefits, which include reduced out-of-pocket costs for certain preventive prescription drugs, reflect our commitment to employees’ well-being.
Prescription drug benefits are included with all PPO, EPO, and HDHP Medical Plan options and reflect the Board of Pensions’ ongoing commitment to employees’ well-being. These benefits are offered through Express Scripts.
Cost savings for members
Express Scripts offers a national network of participating pharmacies, including a home delivery service, and maintains a formulary of preferred prescription medications. Through Express Scripts, we ensure that the drug formulary gives members the greatest cost savings.
Prescription drug benefits include reduced out-of-pocket costs for certain preventive drugs that are highly effective in preventing or managing chronic conditions, such as diabetes and high blood pressure. Members in a PPO or EPO option pay reduced flat dollar copays for these drugs while members in an HDHP option pay only a flat dollar copay with no deductible.
Members can save on their out-of-pocket costs for covered drugs by selecting generics or formulary brand drugs (only the PPO plans cover non-formulary drugs) and using the home delivery service when appropriate. Within certain drug classifications (e.g., antivirals, beta blockers), medications are offered in multiple tiers; members can lower out-of-pocket costs by using a lower-cost tier. Additionally, members enrolled in a PPO or EPO option also may be eligible to participate in a copay assistance program that can save them money on certain specialty drugs.
Read more details about using these benefits.
Costs for employers
There is no additional cost to employers for the prescription drug benefits. They are automatically included when you offer any of the PPO, EPO, or HDHP medical options.