Did you know you can check out the coverage and costs of every prescription drug on your plan at a glance? This convenient document is called a formulary and it’s available here!
Every medication in your formulary is assigned a tier, which indicates pricing.
Medication Tiers and Pricing Tier 1 – Generics: $10 retail / $20 mail order (three month supply) Tier 2 – Preferred Brands: $30 retail / $60 mail order (three month supply) Tier 3 – Non-Preferred Brands: $55 retail / $110 mail order (three month supply) Specialty – $55 retail / Mail order not available
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Formulary Definitions
Quantity Limits: The maximum covered medication per prescription or defined period of time Step Therapy: When your plan requires you to first try one medication to treat your medical condition before it will cover another medication for that condition Prior Authorizations: An additional authorization process conducted by the SmithRx Clinical Team, which is required for certain prescriptions to help ensure the appropriate and safe use of medications for your medical condition(s) How SmithRx determines its formulary SmithRx has a Pharmacy and Therapeutics Committee (P&T) and a Value Assessment Committee (VAC) dedicated to conducting clinical evaluations to determine safety and efficacy based on the peer-reviewed literature and medical care guidelines of each drug in the formulary. These committees then weigh the financial implications of a drug compared to other similar drugs and determine the appropriate tier placement based on the drugs’ safety, efficacy, and cost-effectiveness. Formularies are updated quarterly, so always check back for current coverage and pricing. If you have any questions about the SmithRx Sana Formulary, please call their dedicated customer service team at (844) 454-5201. |
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