CVS Caremark is a pharmacy management company that has contracted discounts at over 67,000 pharmacies nationwide. Members can save an average of 20% on the usual and customary pharmacy retail prices on generic to brand drugs, with the highest percentage savings on generic drugs. It should be noted that savings will vary depending on the specific prescription drug purchased and where it is purchased.

Your HD Protection Plus membership includes an insured prescription benefit as outlined below.

Outpatient Prescription Drug Benefit

Visit to locate participating pharmacies and access the online drug pricing tool. The drug pricing tool will assist you in anticipating your potential drug costs. Each membership level has its own drug pricing tool that corresponds with the prescription drug benefit amounts and calendar year maximum.

Insured Benefit

By using your membership access to the CVS/Caremark pharmacy network, you can stretch the benefit dollars you may have under a health plan and/or the prescription drug benefits available under the Blanket Group Specified Disease/Illness and Blanket Group Accident Insurance included as part of your Health Depot Protection Plus membership.

For example, if you go to a CVS/Caremark pharmacy and have a generic prescription drug filled at a network price of $10 and you have a $10 prescription drug benefit available under a health plan or the Blanket Group Specified Disease/Illness and Blanket Group Accident Insurance included with your membership, then, your cost would be $0.

(Freedom Life Insurance Company of America and the insurance benefits they underwrite are not affiliated or associated with CVS/Caremark.)

Facts about Generic Drugs

  • The average cost of a generic drug is 80-85% less than its brand-name counterpart.
  • Nearly 8 in 10 prescriptions filed in the U.S. are for generic drugs.
  • FDA requires generic and brand-name drugs to have the same active ingredient, strength, dosage form, and route of administration.
  • The generic manufacturer must prove its drug is the same (bioequivalent) as the brand-name drug.
  • All manufacturing, packaging, and testing sites must pass the same quality standards as those of brand-name drugs.
  • Many generic drugs are made in the same manufacturing plants as the brand-name drugs.