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Retiree H&W - Prescription Drugs

Effective January 1, 2003, prescriptions for retirees are covered under the prescription drug plan administered by Caremark.  Through Caremark, the Plan has negotiated reduced prices for most medications purchased from a  pharmacy that is a member of the Caremark network. 

• Retail Pharmacy

• Mail Order Pharmacy

• Co-Payments and Maximums for all Retiree Plans

• Co-Payments and Maximums for Medicare eligible Retirees

Retail Pharmacy
 

The Plan covers up to a 30-day supply of medication from a retail pharmacy. This benefit is designed for short-term or single use medications.

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Mail Order Pharmacy

The Plan covers up to a 90-day supply of medication from a mail-order pharmacy. This benefit is designed for long-term or maintenance medications.  Using Caremark via mail or internet, you may receive a 90-day supply for the price of 60-days! 

The Plan allows for you to refill your prescriptions after 2/3 of the prescribed dosage has been used.

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Co-Payments and Maximums for all Retiree Plans

Your co-payment amounts are as follows:

Your annual out-of-pocket limit for prescription drugs is $750 per person or $1,500 per family.  Should you select a brand name medication when a generic is available, it will not be covered.  If you do not use your ID card, or use a non-member pharmacy, the difference between the retail charge and the contracted rate will not apply to your out-of–pocket maximum.

Please note that the plan will not reimburse for more than a 90-day supply obtained in any 90-day period.  You may not refill a prescription until more than 2/3 of the prescribed dosage has been used .

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Co-Payments and Maximums for eligible Medicare Retirees

SilverScript is a Medicare Part D Prescription Drug Plan with additional coverage provided by Alaska Electrical Health & Welfare Fund.  The plan is offered by SilverScript® Insurance Company which is affiliated with CVS Caremark®, Alaska Electrical Health & Welfare Fund’s current pharmacy benefit manager. SilverScript® has a contract with Medicare to offer prescription drug coverage.

SilverScript combines a standard Medicare Part D prescription drug plan with additional coverage provided by Alaska Electrical Health & Welfare Fund to close the gaps between the standard Part D plan and your current coverage.  Click on the links below for more information.  Click on the links below for more information.

• SilverScript Announcement (Oct 2019, effective Jan 1, 2020)
• SilverScript (Medicare Part D & CVS Health) FAQs

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