CVS/caremark Sending 2016 Formulary Change Notices

Some NRECA prescription drug plan participants will receive a letter the week of October 26 announcing the removal of prescription drugs they are using from the 2016 formulary list. CVS/caremark, NRECA’s pharmacy benefit manager, updates the formulary list annually.

Effective January 1, 2016, the drugs removed from the formulary list will no longer be covered by NRECA’s prescription drug program.

The letters will be sent only to participants affected by the formulary changes. Letters to participants using nonspecialty prescription drugs will identify a covered option to replace the current medicine and provide next steps for getting a new prescription. Letters to participants using specialty drugs will explain how CVS/specialty™ will work with the participant’s provider to identify an alternative option and acquire a new prescription for 2016.

Participants who continue to stay on their current medication after December 31, 2015, will be responsible for paying the full cost.

Samples of the specialty prescription letter and nonspecialty letter are posted on the Employee Benefits website.

If you or your cooperative’s employees have questions about prescription drug coverage or the formulary changes, call CVS/caremark Customer Care at 888.796.7322.