BCBS PPO 2024 Formulary Overview and Updates

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The BCBS PPO 2024 formulary is a comprehensive list of covered medications, and it's essential to understand the updates and changes for the upcoming year.

The BCBS PPO 2024 formulary features a total of 3,456 medications, representing a 5% increase from the previous year's list.

One notable change is the addition of 214 new medications, including several treatments for chronic conditions such as diabetes and hypertension.

These updates aim to provide better coverage for members and improve overall health outcomes.

Formulary Information

The BCBS PPO formulary for 2024 is a comprehensive list of medications covered by Blue Cross Blue Shield.

The formulary is divided into 10 tiers, with tier 1 being the lowest cost and tier 10 being the highest cost.

Some medications, such as certain antibiotics and medications for rare conditions, are placed on the specialty tier, which requires a prior authorization.

You can check the formulary online or through the BCBS mobile app to see if a specific medication is covered and what tier it's on.

Midsize/Large Group

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If you're part of a midsize or large group plan with more than 100 employees, you're in luck. These plans offer a variety of formularies to choose from.

The 3-Tier Formulary is one option, which includes a 2950 searchable drug list available in PDF format.

You can also opt for the 2024 3-Tier State Mandate Formulary or the 2025 3-Tier State Mandate Formulary, both of which have searchable drug lists in PDF format.

For those who prefer a more streamlined approach, the Preferred Value Formulary is available, with a 3295 searchable drug list in PDF format.

Additionally, you can choose from the 2024 Preferred Value State Mandate Formulary or the 2025 Preferred Value State Mandate Formulary, both of which have searchable drug lists in PDF format.

Alternatively, the National Preferred Formulary offers a 3624 searchable drug list in PDF format.

Here are some key formularies to consider:

  • 3-Tier Formulary (2950 searchable drug list)
  • 2024 3-Tier State Mandate Formulary (2950 searchable drug list)
  • 2025 3-Tier State Mandate Formulary (2950 searchable drug list)
  • Preferred Value Formulary (3295 searchable drug list)
  • 2024 Preferred Value State Mandate Formulary (5578 searchable drug list)
  • 2025 Preferred Value State Mandate Formulary (5578 searchable drug list)
  • National Preferred Formulary (3624 searchable drug list)

Drug Tiers

Your out-of-pocket expense for prescription drugs depends on the tier your medication is assigned under your benefit plan. Each tier has a specific copayment or coinsurance amount associated with it.

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Generic drugs are usually the most affordable option, with the lowest out-of-pocket expense. They're often a good choice if you and your doctor decide they're right for you.

Preferred brand-name drugs are the next tier up, and they're a good option if no generic drug is available to treat your condition. These drugs are often less expensive than nonpreferred brand-name drugs.

Nonpreferred brand-name drugs are typically the highest-cost products, and they're usually the last resort. When a generic becomes available, most brand-name versions will move to nonpreferred status.

Specialty drugs are often designated for a separate tier, and they can be quite expensive. If you're taking a specialty medication, be prepared for a higher out-of-pocket expense.

Here's a quick rundown of the common tier groupings:

  • Generic: lowest out-of-pocket expense
  • Preferred Brand: consider if no generic is available
  • Nonpreferred Brand: usually the highest-cost products
  • Specialty: designated for specialty drugs, often with a higher cost

Nonformulary and Excluded

Our pharmacy committee may decide to no longer cover some drugs if other safe, effective, and less costly alternatives are available, moving them to nonformulary status.

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Some plans may exclude coverage for certain categories of drugs, such as those for weight loss or fertility.

You and your doctor always have the freedom to choose the medication that works best for you.

Nonformulary drugs are those that have been discontinued by our pharmacy committee, and you can find more information about this process here.

Prior Authorization and Management

Prior Authorization is a process that requires approval from your insurance provider before they cover certain prescription drugs. This can be a hassle, but it's a way to ensure that you're getting the best treatment for your condition.

You can check the 3-Tier Prior Authorization and Step Therapy List or the Individual & Family Metal Plans and Essential Plan Prior Authorization and Step Therapy List to see which drugs require prior authorization. These lists are available as PDFs on the website.

There are different types of formularies that may include different drugs within Prior Authorization programs. For example, the National Preferred Formulary Prior Authorization and Step Therapy List may include drugs that are not on the Preferred Value Formulary Prior Authorization and Step Therapy List.

To find out which Prior Authorization programs apply to you, check your Schedule of Benefits. This will give you a clear idea of what's covered and what's not.

Prior Authorization and Step Therapy Lists

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Prior Authorization and Step Therapy Lists are used to manage certain medications.

You can find these lists in PDF format on the website.

There are different types of prior authorization and step therapy lists, including a 3-Tier Prior Authorization and Step Therapy List.

Individual & Family Metal Plans and Essential Plan Prior Authorization and Step Therapy List is another type.

The Preferred Value Formulary Prior Authorization and Step Therapy List and National Preferred Formulary Prior Authorization and Step Therapy List are also available.

Here are some of the specific lists you can find:

  • 3-Tier Prior Authorization and Step Therapy ListOpen a PDF
  • Individual & Family Metal Plans and Essential Plan Prior Authorization and Step Therapy ListOpen a PDF
  • Preferred Value Formulary Prior Authorization and Step Therapy ListOpen a PDF
  • National Preferred Formulary Prior Authorization and Step Therapy ListOpen a PDF

Opioid Management

We've implemented a program to help combat the national opioid crisis, based on guidelines from the U.S. Centers for Disease Control and Prevention.

Our program includes daily quantity limits for each covered opioid drug, which helps prevent overprescription.

Prior authorization requirements are also in place for certain prescribing situations, ensuring that prescriptions are only approved when medically necessary.

We limit the amount of opioid medication we'll cover for first-time prescriptions, helping to prevent new users from getting hooked on these powerful drugs.

This multi-faceted approach helps us stay on top of the opioid crisis and provide better care for our members.

Specialty and High-Cost Drugs

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Specialty and high-cost drugs can be a challenge to navigate, but understanding the basics can help. These drugs are often used to treat complex or chronic medical conditions, such as cancer, rheumatoid arthritis, or multiple sclerosis.

The BCBS PPO formulary has specific tiers for specialty drugs, which can affect the copayment or coinsurance amount. For example, generic drugs are usually the lowest-cost option, while nonpreferred brand-name drugs are often the highest-cost products.

If you're taking a specialty drug, you may be subject to separate management programs, such as prior authorization or quantity management. This means you'll need to follow specific rules to get your medication.

Some specialty drugs require prior authorization, which involves getting approval from your insurance company before you can fill your prescription. This can help prevent overuse of expensive medications.

Other specialty drugs may have specific requirements for administration, such as being infused at a specific site of care. This can be a bit more complicated, but it's essential to follow the rules to ensure coverage.

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Here's a quick rundown of the specialty drug tiers and management programs:

Keep in mind that your specific plan may have different rules or requirements, so it's essential to check your Schedule of Benefits or refer to your benefit document for more information.

Frequently Asked Questions

What is BCBS PPO called?

The BCBS PPO is also known as BlueCard PPO. This national program provides out-of-area benefits to members through a network of designated PPO providers.

Can insurance change formulary mid year?

According to California state law, insurance companies can change their formulary designs mid-plan year, but not the cost-sharing requirements for prescription drugs. This means you may see changes to the medications covered by your insurance plan during the year.

What is my insurance formulary?

Your insurance formulary is a list of covered prescription drugs, including generic and brand-name medications, that are approved by your health plan. Check your plan's formulary to see which medications are covered and at what cost.

Matthew McKenzie

Lead Writer

Matthew McKenzie is a seasoned writer with a passion for finance and technology. He has honed his skills in crafting engaging content that educates and informs readers on various topics related to the stock market. Matthew's expertise lies in breaking down complex concepts into easily digestible information, making him a sought-after writer in the finance niche.

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