Elevance Health's pharmacy benefit manager, CarelonRx, is launching a new integrated cost savings program to automatically offer members the lowest price for generic prescription drugs while at their preferred pharmacy.
"We will automatically compare prices to emulate a comparative shopping experience, similar to when a member would use a discount card," Michele Paige, vice president of product at CarelonRx, told Becker's. "But now they don't have to because it's integrated within their benefits."
The new program, EnsureRx, is set to launch in February and will automatically compare prices for more than 50 generic medications against a variety of cash discount cards, with savings automatically applied. Ms. Paige shared that the list of generic medications covered will be constantly evaluated for potential additions.
EnsureRx will be available at no charge to CarelonRx members, including all of Anthem's fully-insured and ASO commercial members. In the future, the new benefit could potentially be expanded to Medicare plans as well. Medications filled under EnsureRx will count toward a member's deductible and out-of-pocket maximum.
Members can access the program by using their pharmacy card, and they will be able to preview savings through the Sydney Health app, CarelonRx website, Anthem website or customer service.