We wanted to follow up on a recent conversation about the prescription co-pays outlined in the contract and the $4 generic prescription plans being offered by Target and Wal-Mart, among others.
First of all, the co-pays outlined by the contract are maximums — not minimums. If your pharmacy charges less for a medication than your co=pay ($10 generic, $20 formulary, $40 non-formulary at a retail pharmacy) you will pay the lower price — no matter where it might be filled. And to answer a persistent question: No, you aren't restricted to the CVS pharmacy. CVS owns the Caremark service, but you can shop anywhere — and whatever you pay will count toward your annual out of pocket maximum.
Secondly, the prescription co-pays outlined in the contract cover ALL prescription drugs — the $4 generic plan at Wal-Mart and Target apparently covers most, but not all the generics.
The bottom line: If Wal-Mart, Target, or any other discounter, fits into your plans, use your Caremark card there — and pocket the savings.
No matter where you fill your prescriptions, you will never have to pay more than guaranteed in the contract ($10 generic, $20 formulary, $40 non-formulary at a retail pharmacy or $20, $40 or $80 for a mail-in 3-month prescription) — and if the prescription costs less, you'll pay less.