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PO Box 360
Trenton, NJ 08625-0360
|Clifton R. Lacy, M.D. |
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Preferred Prescriptions is sponsored by Medco Health Solutions Inc. of
“Medco and Preferred Prescriptions have an extensive pharmacy network and years of experience in pharmacy benefits management. As a result, they can offer our seniors convenient service and seamless coordination with PAAD benefits,” Commissioner Lacy said.
“The only noticeable change for PAAD participants is the new identification card that they will receive by the end of the month. The card will show that they are eligible for both PAAD and Preferred Prescriptions services,” the Commissioner added.
Unless they choose to opt out by
PAAD participants’ benefits will remain the same. They will still pay the $5 co-pay for prescriptions and be able to get all the same drugs available under PAAD. In fact, with the new Preferred Prescriptions service, co-pays will be less than $5 on drugs costing less than $50.
Only single individuals with incomes below $12,569 and married individuals with incomes below $16,862 are eligible for the $600 annual benefit, called Transitional Assistance. For PAAD beneficiaries with incomes over these levels, discounts offered under the Medicare discount card will not be better than the generous benefits provided under our existing PAAD program. The same applies for people eligible for the PAAD expansion program, Senior Gold.
Last month, the PAAD program requested proposals from the 21 firms approved by Medicare to offer drug discount services in the state. PAAD received six proposals, from which Preferred Prescriptions was chosen.
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Department of Health
P. O. Box 360, Trenton, NJ 08625-0360