Nationwide Select Generics Rx Plan

This first-of-its kind prescription plan is created specifically for the needs of businesses who cannot afford to offer a prescription drug benefit to employees. The Nationwide SelectSM Generics Rx Plan is brought to you by Nationwide®, a leader in insurance and financial services, and Medco®, the world's most advanced pharmacy.TM

Nationwide Select costs up to 50% less than traditional plans, and allows businesses to offer a robust benefit that covers thousands of generic drugs1 - all for a low $10 co-payment.

It offers an affordable prescription drug plan that features generic drugs, offers discounts for brand and specialty drugs2, provides convenient mail-order delivery and a low co-pay to keep employees happy and healthy. Nationwide Select is also easy to implement and simple to maintain.

For a $10 co-payment, employees can get their first purchase of a generic drug at a retail pharmacy and up to a 90-day supply of subsequent maintenance generic drugs via Medco By Mail.

Brokers can get started by completing the following Nationwide Select Producer Agreement and Appointment Form. Then, utilize the following Nationwide Select marketing resources with prospects and clients.

For questions about Nationwide Select, please contact Flex directly at 866-472-0891.

  1. Applies to covered generic drugs filled by mail or first fill at retail. Not available in all states.
     
  2. Participants pay the discounted price for brand (18% mail-order / 12% retail) and specialty (15% mail-order / 12% retail) drugs-off the average wholesale price (AWP)-in addition to a dispensing fee. Exceptions apply.

 

Flex Sales Strategy!

An ideal way to market Nationwide Select to your group prospects and clients is to package it with an HSA-compatible plan design, an HRA to cover hospital and doctor visits, and let Nationwide Select do the rest.

The lower cost HSA-compatible plan design, which does not include prescription drug co-payments, can provide as much as 30% premium savings when compared with traditional plans. By separating this costly benefit item from the plan design, the business can then use those savings to provide employees with the added benefit of the fully-insured Nationwide Select drug card for a fraction of the costs. NOTE: With this strategy, although an HSA-compatible plan design is utilized, a Health Savings Account (HSA) cannot be established, due to IRS regulations.

Also consider the business that does not currently offer health insurance coverage. Nationwide Select can be used as a stand-alone benefit, giving employees coverage for a critical item-prescriptions-at the fraction of the cost of a fully-insured group health plan