You may have heard the term “generic” before – what does this mean? The generic alternative of a drug is one with the same active ingredients as a brand name drug and is just as effective, but costs less. Your prescription drug benefits plan includes parameters that limit the amount you are reimbursed for prescription drugs to the cost of the lowest priced generic alternative.* To save on costs for both yourself and your plan, make sure to ask your pharmacist and/or your physician if a generic is available for any medication you have been prescribed.
*You may need to keep taking a brand name drug for medical reasons. If this is the case, make sure to fill out the Brand Name Drug Coverage form today!