ATTENTION – ALL ACTIVE AND EARLY RETIREES OF THE HEALTH AND BENEFIT PLAN!
This is an important reminder that effective April 1, 2025, SavRx will no longer be the Plan’s Pharmacy Benefit Manager (PBM) for both the eligible active and early retiree population of the Plan.
This means that the Plan will need to issue both the active and early retiree population with new medical identification cards with not only the new PBM’s logo, but all the pertinent information needed to make certain that your scripts are appropriately processed and paid by the Plan on and after April 1, 2025.
As communicated previously, the new PBM is MedImpact. Medimpact is the largest independent pharmacy benefit and health solution company in the nation. They serve 20 million members and process over $40 billion in pharmaceutical transactions each calendar year for their Union, Governmental and private health insurance clients.
The new medical identification cards are being mailed out the week of March 17th, 2025. Once received, each Active and Early retiree needs to destroy the medical identification card that lists SavRX on the front right hand side and replace that within their wallet or purse with the one that lists MedImpact on the front right hand side.
Rest assured, all existing scripts on file at SavRx, including those that participants had on file with the mail order service of SavRx will be transferred over to MedImpact.
While we expect the transition to go smoothly and seamlessly, we do know that issues can and do occur. As a matter of fact, ninety percent (90%) of the issues experienced at the pharmacy after a transition are typically due to the pharmacist not inputting the new PBM’s pertinent billing information. So, participants are advised that they may need to make certain that their pharmacist has the new and correct PBM’s information on file.
Once again, this change does not affect the Medicare eligible population of the Plan. Therefore, if you are a Medicare eligible retiree you do not need to do anything. Meaning, you keep your existing cards.