CVS/caremark Sending Formulary Change Notices

CVS/caremark, NRECA’s pharmacy benefit manager, updates the formulary list annually. Effective January 1, 2017, the drugs removed from the formulary list will no longer be covered by NRECA’s prescription drug program. However, affected participants will have a three-month grace period to transition to a new medication.

Participants who continue to use their current medication after March 31, 2017, may be responsible for paying the full cost.

NRECA prescription drug plan participants impacted by changes to the formulary list will receive a letter in early January informing them of the change.

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.

Samples of the specialty prescription letter and nonspecialty prescription 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.