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CVS Caremark is the prescription company that provides prescription coverage for benefit eligible employees and retirees who are enrolled in the Public Employees Insurance Program (PEIP). It is very important when getting a prescription filled that you provide your pharmacy with your CVS Caremark card.
What Are Prior Authorization and the Formulary Exception Process? The term \u201cprior authorization\u201d may also refer to a commonly used managed care strategy called the \u201cformulary exception process,\u201d which allows exceptions to a plan's formulary (see A M C P 's Concept Series paper, Form u l a ry Management).
If a medication is \u201cnon-formulary,\u201d it means it is not included on the insurance company's \u201cformulary\u201d or list of covered medications. A medication may not be on the formulary because an alternative is proven to be just as effective and safe but less costly.
Formulary Exceptions are necessary for certain drugs that are eligible for coverage under your health plan's drug benefit. If the request is not approved by the health plan you may still purchase the medication at your own expense. Request for Prescription Drug Coverage Exception.
CVS Health includes the company's retail business, which continues to be called CVS/pharmacy; its pharmacy benefit management business, which is known as CVS/caremark; its walk-in medical clinics, CVS/minuteclinic; and its growing specialty pharmacy services, CVS/specialty.
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Did you know submitting prior authorizations (PAs) by fax or phone can take anywhere from 16 hours to 2 days to receive a determination? CVS Caremark has made submitting PAs easier and more convenient. Some automated decisions may be communicated in less than 6 seconds!
\u2013 Once the exception is filed, the plan should provide a decision within 72 hours. If your doctor feels that you not having the medication could put you in serious harm, an \u201curgent\u201d or expedited request can be filed, and a decision would be made by your health plan within 24 hours.
To request a prior authorization, physicians may contact CVS Caremark at the appropriate toll-free number listed in the table below. Physicians may also complete a prior authorization fax form and fax it to CVS Caremark.
A formulary exception is a type of coverage determination request whereby a Medicare plan member asks the plan to cover a non-formulary drug or amend the plan's usage management restrictions that are placed on the drug (for example if the plan has a 30 pill per 30 day Quantity Limit, you might ask for a formulary ...
A formulary exception should be requested to obtain a Part D drug that is not included on a plan sponsor's formulary, or to request to have a utilization management requirement waived (e.g., step therapy, prior authorization, quantity limit) for a formulary drug.

cvs caremark quantity limit exception form