PEBB Approves New Pharmacy Benefit for UMP Classic Medicare

At yesterdays’ meeting of the Public Employees Benefits Board (PEBB), the board unanimously voted to change the pharmacy benefit for Uniform Medical Plan (UMP) Classic Medicare.  Instead of remaining as a self-insured pharmacy plan, the benefit will transition in 2025 to a Part D pharmacy plan, managed by PEBB.  By making this change in the configuration of the plan, UMP Classic Medicare’s pharmacy benefit will access federal prescription drug subsidies, thereby lowering the overall premium costs for this plan.  The medical benefits will not change, and Moda will continue as the pharmacy manager to maintain member support and continuity of…