INSURANCERECOMMENDED

Iredell County Board of Commissioners Agenda 2026-05-19

County selects Employers Health CVS for pharmacy benefits

Estimated savings of $439,000 (10.6%) per year over 3 yearsIredell CountyEMPLOYERS HEALTH / CVSMay 19, 2026

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Description

Iredell County plans to enter a three-year pharmacy benefits contract with Employers Health / CVS to replace BCBSNC’s current PBM arrangement. The agreement, implemented via a Participating Group Addendum to the Caremark–Employers Health Prescription Benefit Services Agreement, is projected to save about $439,000 per year over three years while maintaining a competitive local pharmacy network for employees and retirees.

Contract Details

Contract Amount

Estimated savings of $439,000 (10.6%) per year over 3 years

Vendor

EMPLOYERS HEALTH / CVS

Agency

Iredell County, NC

Contract Type

INSURANCE

Document Date

May 19, 2026

Contract Term

Three-year contract; Participating Group Initial Term runs from Activation Date through at least December 31, 2027

Renewal Date

2027-12-31

Renewal Info

Participating Group Agreement term commences on the County’s Activation Date and expires on the later of December 31, 2027 or three calendar years following the Activation Date, with options to extend or terminate early under the overarching Prescription Benefit Services Agreement.