Pennsylvania-based 84 Lumber has cut its prescription benefit costs—for the company and for employees—by offering incentives to workers who use generic medicine and have it delivered via mail to their homes.
Employees of the building supply retailer pay a lower copay for generics than for brand-name drugs.
Total plan costs dropped 13% from the prior year as the use of a home delivery service increased 83.4%. Pharmacy benefit consulting firm ARMSRx estimates the firm could save an additional $350,000 a year once employees get used to using generics and getting their prescriptions filled via mail.
ARMSRx CEO Jennifer Kingsley Wilson notes that 84 Lumber is aggressively educating employees about the benefit with paycheck notices, e-mails and even phone calls.
Contact: Jennifer Kingsley Wilson, (407) 909-8004.