What Does a Benefits Manager Do?

A PBM is a company that administers, or handles, the prescription drug benefit component of your employer's health plan. A PBM processes and pays for your prescription drug claims and is responsible for assisting your employer with managing the prescription benefit. As the name implies, a PBM is in charge of administering prescription drug benefits, with the ultimate goal of providing plan members with access to medications drugs while still keeping costs to a minimum. To achieve this goal, PBMs negotiate drug prices with pharmacies and establish a network of pharmacies that you can use to get your prescriptions filled, including mail order pharmacies.

Pharmacy Resources

PBM News Articles

PBM Info from the FDA