New Prescription Drug Benefit Enhancement Lowers Out-of-Pocket Costs on Non-Specialty Generic Medications.

Beginning January 1, 2024, covered non-specialty generic medications will automatically be charged at the lesser of: (1) the GoodRx discounted price; or (2) your normal prescription drug co-payment. 

Participants will no longer have to shop around for the best prices on non-specialty generic drugs. As of January 1, 2024, the new Cost Saver Program from CVS Caremark—the Health Plan’s prescription drug benefit manager—brings GoodRx’s discounted drug pricing to the Health Plan’s prescription drug benefit. CVS Caremark’s partnership with GoodRx, a prescription drug price comparison and savings service, allows covered Health Plan participants to automatically pay the lower price, even if it is below the normal prescription drug co-payment.  

The lower price will be charged automatically. All participants need to do is fill their prescription at a network pharmacy, using their CVS Caremark benefit card. CVS Caremark will compare your regular generic drug co-payment amount to the GoodRx discounted price and select the lower price of the two. The graphic below details the process.