news&views Summer 2019 | Page 52

From Our Partners Darlene Kirkpatrick | Division Manager, Third Party and Spending Account Administration, ASEBP Managing Your Medications When it comes to managing prescription medications — whether they’re your own or you’re helping a loved one — things can get complicated. At ARTA, we understand that medication needs are as unique as each person. From making sure new medications are added for coverage at the right time, to ensuring every member has fair and equal access to the coverage they need — it’s important work that we’re proud to offer to ARTA plan members. While we have implemented a number of medication management programs to help make sure that your ARTA benefits provide the best possible coverage now, and well into the future, the two benefits we receive the most questions about are Least Cost Alternatives (LCA) and Therapeutic Alternative Reference Pricing (TARP). Least Cost Alternatives Our LCA program, in which your ARTA benefits pay for prescriptions up to the price of the lowest cost medication for a specific drug, helps us mitigate the risk posed by the wide range of prices for similar medications. For example, brand name Lipitor 80 mg costs $2.45 per pill while Atorvastatin, a generic version of the same medication, costs 23¢ per pill. So, while you are still able to take Lipitor if that’s what you and your physician prefer, your benefits will only cover the cost of 23¢ per pill. As noted in the following, all the medications identified as LCA have the same active ingredients as their brand name counterparts and are proven equally safe and effective. 52 | arta.net Therapeutic Alternative Reference Pricing ARTA’s TARP program encourages cost-effective prescribing for common medical conditions, identifying ‘preferred’ medications to treat high blood pressure, migraines, pain and inflammation management (non-narcotic), and stomach hyperacidity. All the medications identified as preferred alternatives have similar active ingredients to their higher cost counterparts and are proven equally safe and effective. If the medication you have been prescribed falls into one of the program’s four categories and has preferred alternatives, you have two options: 1. You can choose to start taking the preferred drug instead of the one you were prescribed, and you will be covered as you usually would under your plan, or 2. You can choose to take the medication you were originally prescribed and pay for the cost difference between the prescribed and the preferred drug either out-of-pocket or through your benefits with another health-care provider. Just like with the LCA program, you decide what medication to take.