Here are some tips on filling your prescription drugs at a retail pharmacy:
Most retails drugs stores participate in the CVS Caremark network, which means that you automatically get the discounted Alcoa price. If you're not sure if your pharmacy is in-network, ask.
If you fill a prescription at an out-of-network pharmacy, you pay the full cost of the prescription (the cost that the pharmacy normally charges instead of the Alcoa discounted amount). Then, submit a claim form and receipt to CVS Caremark. You'll be reimbursed at the in-network retail level for covered prescriptions minus your applicable deductible and coinsurance. You're responsible for any difference between the Alcoa discounted rate and the pharmacy's actual charge.
If you have an HRA (health reimbursement arrangement) and use Your Spending Account™ card at the pharmacy, specify that the purchase should be "credit," not "debit." If you don't have your card with you when you make the purchase, you can submit a claim for reimbursement after making your purchase. Tips on using your Your Spending Account™ card.
When you're at the pharmacy, you also can use Your Spending Account™ card to pay for approved over-the-counter medicines like pain relievers and cough syrup. Or you can purchase these items and submit a claim form (with your receipt) for reimbursement. For a list of eligible Spending Account items, see IRS Publication 502. You can also see a list of eligible expenses on the Your Spending Account web site.
Consumer Tip:
Some retail pharmacies offer an across-the-board low price, such as $4 for a month's supply, for certain generic drugs. Consider if this price is cheaper for you.
