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How does the $7 generic/50% ($125) brand option work?

April 26, 2017brand generic option

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How does the $7 generic/50% ($125) brand option work?

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Members pay $7 for each generic prescription filled at a participating retail pharmacy. For brand prescriptions, members pay 50% of IBC’s discounted price up to $125 per prescription. Members do not have to pay more than $125 per brand prescription at a participating retail pharmacy.