TEA's Pharmacy Benefit Management Plan | The ESOP Association

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TEA’s Pharmacy Benefit Management Plan

It is really easy to spend a lot of money on pharmacy benefits for your employee owners.

Did you know that prescription drug costs are expected to rise 3.6% in 2021? And that specialty drugs make up only 1% of all medications purchased but account for 40% of all pharmacy costs? That means one employee owner who needs one specialty drug could send your entire pharmacy cost skyrocketing at any time.

Now you have a new way to control those costs—with TEA’s Pharmacy Benefit Management Plan, offered exclusively to members of The ESOP Association.

Join today to provide your employee owners with the high-quality medications they need, while controlling your pharmacy costs!

Scroll down for more information, or email us to set up a free consultation.

Learn More: Free Webinar

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Want to get more information and learn if this plan is right for your company? Attend our next free webinar, where you can get great information and answers to your questions in real time. Our next free webinar takes place:

 

  • May 18, 2021, 2:00 - 3:00 PM, EST

Our Partner

TEA has partnered with ProAct—a division of KPH Healthcare, an ESOP company, and TEA member—to provide these Pharmacy Benefit Management services. ProAct owns and operates its own mail order and specialty pharmacies, which generate additional pricing and service value to your company. The company also offers a high-touch service model (see the video to your right) and has a 95% client retention rate.

Who Is Eligible?

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  • All corporate and professional members of The ESOP Association

Which Companies Are Best Suited to This Plan?

Companies that will realize the greatest value from this plan will:

Benefits

TEA Pharmacy Benefits Management Program benefits

Join TEA’s Pharmacy Benefit Management Plan today and get these outstanding benefits:

Financial Benefits:

  • Potential cost savings up to 18%.
  • Robust network discounts.
  • Optimized rebates.
  • Specialty copay assistance.
  • Utilization management programs
  • International Mail Order program (optional).

Plan Benefits:

  • State-of-the-art mail order and specialty pharmacies, which are wholly owned by our benefits partner and generate pricing and service value for your company. 
  • Access to medications at virtually any pharmacy in the country, through a nationwide network of more than 67,000 pharmacies.
  • Free overnight shipping, free ancillary supplies, and free clinical management programs on all specialty therapies. 
  • International Mail Order program (optional, $0 copay to members, up to 40% savings to the plan sponsor).

Service Benefits:

How to Apply

  • Email Proact at TEAPBM@proactrx.com
  • ProAct will request certain information regarding your current plan and renewal date.
  • After receiving this information, ProAct will respond, typically in 10 business days.

TEA and ProAct partner on PBM plan for ESOP Association members