What you need to know
When you enroll in the Honeywell Medical Plan, you automatically have the benefit of prescription drug coverage. If you are enrolled in the Cigna or Horizon network, your coverage is through CVS Caremark. In the Kaiser network, participants have prescription drug coverage through Kaiser, and the details are different.
How the prescription drug plan works
Note: You will need to log in to your CVS account to review.
Prescription drug costs apply toward the medical plan annual deductible and out-of-pocket maximum.
If purchased via mail order or the CVS Maintenance Choice program, you pay nothing for some preventive generic drugs.
See the list of covered drugs.
Until you meet the annual deductible, you pay the full cost of the prescription.
The actual amount can vary by pharmacy.
After you meet the annual deductible, Honeywell pays 80% of the cost for each covered prescription drug if you use a network pharmacy.
You pay the remaining 20%. However, there is a limit for how much you pay per prescription to limit your financial exposure for high-cost prescription drugs. The cap is $200 for each retail prescription and $400 for a 90-day supply through the mail or a CVS Pharmacy.
Once you meet the plan’s out-of-pocket maximum, Honeywell pays the full cost of covered prescription drugs.
For specialty medications, you must use the CVS Specialty pharmacy. These drugs are mailed to your home or doctor’s office as needed. If you fill specialty prescriptions at a pharmacy other than CVS Specialty, you will have to pay the entire cost out of pocket.
For more details, visit CVS Caremark or call 800-237-2767.