Drug Plan definition

Drug Plan. Prescription drug co-pays for Generic drugs are $5.00. The co-pays for Preferred Brand drugs will be $30.00. Non-Preferred co-pays will be $60.00. Maximum out-of-pocket expenses for drugs for each health care plan participant will be $1,200.00 per year. Coverage for mail order will also be provided, and a 90-day supply of any properly prescribed drug will only be available through mail order. Mail order Generic co-pays will be $10.00. Mail order Preferred Brand co-pays will be $60.00. Mail order Non-Preferred co-pays will $120.00. The formulary shall be subject to periodic review and revision. There are specific medications and medication classes that are subject to prior authorization requirements, prior notification requirements, daily and period quantity limits by CVS/Caremark. Appeals and override processes may be available for unusual or unique situations.

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Drug Plan. Prescription drug co-pays for Retail Generic drugs are $2.00. The co-pays for Retail Brand drugs will be based on a Formulary. Retail Brand co-pays will be 20%, but not more than $40.00. Retail Non- Formulary co-pays will be 25%, minimum $25.00 but not more than $50.00. Maximum out-of-pocket expenses for drugs for each health care plan participant will be $1,200.00 per year. Coverage for mail order will also be provided, and a 90-day supply of any properly prescribed drug will only be available through mail order. Mail order Generic co-pays will be $2.00. Mail order Brand co-pays will be based on a Formulary and the co-pays will be 7%, minimum $0.00 but no more than $40.00. Mail order Non-Formulary co-pays will be 8.25%, minimum $25.00 but no more than $50.00. The formulary shall be subject to periodic review and revision. There are specific medications and medication classes that are subject to prior authorization requirements, prior notification requirements, daily and period quantity limits by Medco. Appeals and override processes may be available for unusual or unique situations.

Drug Plan means the ▇▇▇▇▇▇▇▇/Truline Self-Insured Employee Prescription Drug Plan – Policy 9993088.

Examples of Drug Plan in a sentence

• In addition, such employees will be covered by the Health Plan, the Dental Plan, the Prescription Drug Plan, Vision Care Plan, and the Group Life Insurance Plan.

• The Employer agrees to offer bargaining unit employees the same Health Insurance, Group Term Life Insurance and Accidental Death and Dismemberment Insurance, Prescription Drug Plan, Dental Plan, Vision Plan, Short-Term disability and Long-Term disability benefits that it provides to Medical Center non-bargaining-unit employees.

• Modest Cost-Sharing Increases to Post-65 GE Pensioners Prescription Drug Plan • Enrolled prior to January 2004: + Mail-order co-pay brand increased to $35 (up from $30) for up to a 90-day supply.

• Retiree Post-65 Health Benefits Improved and Lifetime Maximums Increased • Prescription drug co-pay maximums for post-65 retirees who enrolled in the GE Pensioners Prescription Drug Plan (PPDP) prior to January 1, 2004 set at $1,750 per participant per year.

More Definitions of Drug Plan

Drug Plan. One Dollar ($1 deductible per prescription card plan. Generic Drugs definition. DENTAL PLAN The present Dental Care Plan will continue based on current Schedule for each year of the Collective Agreement in accordance with the provisions of the Company's Dental Plan. Effective, October OrthodonticCoveragewill be added to the plan (children coverageonly to age 21). * Co-insurance: * Lifetime maximum fifteen hundred dollars ($1,500.00) per child.

Drug Plan. The Drug Plan will be modified as necessary to require Generic substitution unless specifically prescribed by the doctor. The parties will meet to discuss the implementation of this modification to the drug plan. Effective January 1st, 2008: Drug Card, with a co-payment of $1.00 per prescription, to cover prescription drugs which by law must be prescribed by a licensed physician. A dispensing fee cap of $7.50 per prescription (positive enrolment). No annual deductible or lifetime maximum for drugs.