County Weighs Three-Year Pharmacy PBM Contract
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Description
Iredell County is considering a three-year pharmacy benefit management contract with CaremarkPCS Health, L.L.C. under the Employers Health Purchasing cooperative. The agreement, effective July 1, 2026 for Tier 3 Traditional coverage, is projected to save the County approximately $439,000 per year in employee and retiree pharmacy benefit costs.
Contract Details
Contract Amount
The savings estimate with this move is $439,000 (10.6%) per year
Vendor
CAREMARKPCS HEALTH LLC
Agency
Iredell County, NC
Contract Type
PROFESSIONAL_SERVICES
Document Date
May 19, 2026
Contract Term
Three-year contract beginning July 1, 2026 (Participating Tier 3 Traditional)
Renewal Info
Pricing Agreement effective January 1, 2025 with Addendum for Iredell County effective 7/1/2026 under Participating Tier 3 Traditional; three-year term contemplated with future renewals or amendments likely via additional addenda.
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