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Blue Choice Copay Card change announced

Specialty Drug Copay Card Program

Many drug manufacturers offer copay cards to commercially insured consumers, which reduce the member’s personal out-of-pocket expense for the drug while frequently driving utilization to high-cost, branded specialty drugs. These cards are made available to all members, unlike needs-based cards that are used only by members with documented financial hardship.

Previously, third-party dollars available through these copay cards have been used to fund the members’ deductibles and/or out-of-pocket maximums (MOOP). As a result, the member meets his or her deductible and/or MOOP more quickly, and the health plan or group ends up paying sooner than it should.

To prevent situations like this, as of Oct. 1, 2017, we will institute a Specialty Copay Card program. Members can still benefit from their copay card, but the dollar amount paid by the drug manufacturer will not be used to lower their deductible and/or MOOP. Only the amount actually paid out of pocket will go toward lowering the member’s deductible and/or MOOP.

Who is impacted by the program?
BlueChoice HealthPlan CarolinaADVANTAGE and large groups will be impacted on Oct. 1.

Can members still use manufacturer copay cards?
Yes. Members will still receive the benefit of the coupon in reducing their personal cost for the drug. Only the administration of the benefit surrounding the use of the cards has changed. Copay cards for drugs in a retail setting are not included in this initiative.

How are members’ accumulators impacted under the program?
The full value of the copay card toward a particular prescription initially comes over and reduces the member’s deductible and/or out-of-pocket (OOP) accumulators. Caremark sends an adjustment within 24–48 hours to remove any dollars the member did not actually fund. Only the amount actually paid by the member is applied toward the deductible and OOP max.

What drugs are included?
All specialty drugs dispensed via CVS/specialty that offer a non-needs-based copay card. This includes the large majority of specialty drugs.

Communications
We will send this communication to impacted groups.

We will send letters in early August, to all impacted members who are currently having prescriptions filled for specialty drugs through CVS/specialty.

Please contact your BlueChoice® representative if you have any questions.

Blue Choice Pharmacy Changes for 10/1

blue cross blue shield of South Carolina

Pharmacy Changes Effective Oct. 1

BlueChoice HealthPlan continually evaluates our prescription drug formularies and drug management programs to ensure effective management of quality and costs. We work with a group of independent doctors and pharmacists to evaluate our pharmacy programs and get recommendations.

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Provided by Reeve Conover – Conover Consulting

What do your retirement plan participants wish you would offer? Besides the chance to save and invest part of their paychecks, that is?

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Life Insurance Products with Long-Term Care Riders

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Are they worthwhile alternatives to traditional LTC policies?

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The price of long-term care insurance has really gone up. If you are a baby boomer and you have kept your eye on it for a few years, chances are you have noticed this. Last year, the American Association for Long-Term Care Insurance (AALTCI) noted that married 60-year-olds would pay between $2,000-3,500 annually in premiums for a stand-alone LTC policy.1

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Reeve Conover is a Registered Representative. Securities offered through Cambridge Investment Research, Inc., a Broker/dealer member FINRA/SPIC. Cambridge and Conover Consulting are not affiliated. Licensed in SC, NC, NY, CT, NJ, and CA.
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