Welcome to the High-Value Prescription Benefit Plan
At CVS Caremark, our goal is to help you take care of your health. We realize the medicines you need to do so can be costly. The good news is our team of doctors and pharmacists have created a high-value prescription benefit plan with medicines that can provide great health benefits and are priced right.*
With the high-value prescription plan, you can support your health and may save money, too.
Not sure if changing prescription benefit plans, or changing your medicine to a lower-cost option on the high-value plan, is right for you? These facts may help you decide:
Q: What are generic medicines?
A: Generic medicines are versions of brand-name medicines that no longer have a patent. A patent protects the company that created the brand-name medicine so no one else can make or sell the product.
Q: Are generic medicines as effective as brand-name medicines?
A: Yes. The U.S. Food and Drug Administration (FDA) require generic medicines to have the same high quality, strength, purity, and stability as brand-name medicines.
A generic medicine is the same as the brand-name medicine in:
Q: Why do generic medicines usually cost less?
A: The research, development and marketing of new medicines cost a lot of money. Companies that make generic medicines do not have to develop them from scratch, so it usually costs much less to make. Generic medicine makers then pass the savings on to consumers.
Lower cost does not mean lower quality. Companies that make generic medicine have to show that their product performs the same as the brand-name.
Q: How are generic medicines approved by the FDA?
A: All generics must meet the same FDA standards as brand-names. To obtain approval, a generic medicine must:
Q: Is generic medicine right for me?
A: Today, there are many generic medicine options to treat many short and long-term health conditions. It makes sense to try a generic medicine because for many people, they work just as well as higher-cost, brand-name medicine but can help you save money. Why pay more to stay healthy than you have to?
Ask your doctor which generic medicines are right for you.
*Plan’s medicine list covers all disease states. Lifestyle-related treatments (i.e., anti-obesity, cosmetic, erectile dysfunction, and fertility agents) may not be included. Plan is limited to generic medicines and some brand-names when a generic is not available in the class. Coverage may vary, please consult your plan for further information.
**Savings will vary based on plan limitation and/or drug prescribed. Source: Generic Pharmaceutical Association Website: http://www.gphaonline.org/about/generic-medicines.
†Based on average prescription benefit plan. Features may or may not be applicable across all available prescription benefit plans.
‡ Out-of-pocket costs are copayment, copay or coinsurance which means the amount a plan member is required to pay for a prescription in accordance with a plan, which may be a deductible, a percentage of the prescription price, a fixed amount or other charge, with the balance, if any, paid by a plan