$0 cost for 1,000’s of medications Included With the Employer Sponsored Preventive Access (ESPA)
This one is built around a defined formulary: a published list of more than 1,000 commonly prescribed acute and chronic medications that are included for members enrolled in the employer’s ESPA. Filled at more than 70,000 pharmacies nationwide, with mail-order and an assistance program for higher-cost drugs. Search for one of your medications below and see if you can start saving.
Prescription Benefit
Type a medication name to check the formulary included with your plan. A defined list of more than 1,000 commonly prescribed acute and chronic medications, not a single discount rate.
A discount card lowers a price at the register. A formulary is a defined list of medications the plan includes, chosen to cover the conditions employees actually fill prescriptions for. This benefit is built on a formulary, with a discount available on top for medications that fall outside it. That is a structural difference, and it shows up at the pharmacy counter.
By using pre-tax dollars and offering access to discounted pharmacy pricing, this benefit helps lower out-of-pocket medication costs for your employees while also reducing your company’s payroll tax liability.
This prescription benefit
Offering prescription savings doesn’t just help employees—it’s also a strategic move for your bottom line.
One of the fastest-growing costs in employer healthcare is prescription spend. Your ESPA plan helps provide employees access to many common medications without adding additional pressure on your major medical plan. Real savings for your employees and potential savings in your premiums when your dependency on your major medical is decreased.
Want to know how much your business could save by offering prescription benefits with BizPower?
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“I have Type 2 diabetes, so Metformin is a medication I rely on every day. Before this program, I had a monthly copay. Now my prescription costs me nothing. Saving $60 a year may seem small, but when you’re managing a lifelong condition, every recurring expense matters. It’s reassuring to know my medication is one less thing I have to budget for.”
“I have three of my prescriptions covered through this plan, which has already saved my family money. Add in the $0 copay telehealth visits for my kids, and the savings really start to add up. These are real benefits, real savings, and real value for my family. I absolutely love this plan.”
“We’re seeing a shift away from relying solely on major medical for prescription medications. As more employees take advantage of this benefit, many prescriptions are being covered through the program instead of the traditional health plan, helping reduce reliance on major medical.”
