PEBTF awards prescription drug benefits contract to CVS Caremark
HARRISBURG, Pa. — The Pennsylvania Employees Benefit Trust Fund announced on Tuesday that it has awarded CVS Caremark a three-year contract to provide prescription drug benefits to Commonwealth of Pennsylvania employees, retirees and dependents, beginning July 1.
The PEBTF account will be serviced from the CVS Caremark mail order pharmacy in Wilkes Barre, Pa., the specialty pharmacy in Monroeville, Pa., and the customer service center in Monroeville, Pa.
The PEBTF stated that CVS Caremark was selected following a rigorous competitive-bidding and capabilities review process. In addition to its network and clinical programs, PEBTF members, under the CVS Caremark Maintenance Choice 2.0 program, now will be able to pick up their 90-day supply of maintenance medications at any CVS retail pharmacy at the same low co-pay as the mail order pharmacy.
The PEBTF, established in 1988, is the single largest employer group purchaser of insurance in Pennsylvania. The PEBTF administers health care benefits to approximately 186,000 active employees and their dependents. In addition, the PEBTF administers retiree health benefits for approximately 101,000 Commonwealth of Pennsylvania retirees and their dependents enrolled in the Retired Employees Health Program.