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Prescription Drug Coverage What is a Prescription Benefit Manager (PBM)?

April 26, 2017benefit coverage manager pbm prescription prescription drug

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Prescription Drug Coverage What is a Prescription Benefit Manager (PBM)?

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More commonly known as your Prescription Drug vendor, a PBM contracts with independent pharmacies or a chain of pharmacies to provide prescription medicines at a discounted rate for retail and, frequently, mail order prescription drug programs. Your PBM name and phone number is located on your ID card. In addition, you can find out more information about your PBM by going to the “Benefit Information” page in the website and clicking on the link for the PBM.