Health & Welfare
- Prescription Drugs
Effective January 1, 2003, prescriptions for retirees are covered
under the prescription drug plan administered by Caremark. Through
Plan has negotiated reduced prices for most medications purchased from a
pharmacy that is a member of the Caremark network.
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.
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.
Co-Payments and Maximums for all Retiree Plans
co-payment amounts are as follows:
Type of Prescription
(30 day supply)
(90 day supply)
| Brand (no
| Brand (generic
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 .
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
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.