Why Carve Out Your Pharmacy Benefits?
The first step is the process is to define the difference between a pharmacy “carve-out” and a pharmacy “carve-in”.
A Pharmacy Carve-Out
A pharmacy “carve-out” is when a plan sponsor chooses a Pharmacy Benefit Manager (PBM) to administer and manage prescription drug benefits that is separate from the PBM contracted with the health plan administering their medical claims. The carved-out Rx plan can be fully insured or self-funded.
Continue reading “Pharmacy Carve-Out: 7 Advantages Employers Need to Know”
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