SmithRx and Mark Cuban Cost Plus Pharmacy team up to reduce prescription drug costs

Mark Cuban Cost Plus Drug Company (Cost Plus Drugs) has joined the SmithRx pharmacy network!

SmithRx is one of the few pharmacy benefit cards that can be used at Cost Plus Drugs. Members can simply enter their SmithRx insurance information when creating an account at CostPlusDrugs.com. This expands access to more affordable prescription drugs for SmithRx members. With the SmithRx pass-through model, all of the savings from filling at Cost Plus Drugs are passed along to our patients and their employers.

Cost Plus Drugs is pursuing the mission of prescription drug affordability by building an innovative pharmacy model that delivers medications at cost, plus a straightforward 15% markup, along with a $3 dispensing fee and shipping. Like SmithRx, Cost Plus Drugs is reinventing the industry by putting transparency, simplicity, and clarity at the forefront of their business model to lower drug costs.

The chart below highlights some of the savings that are available by using SmithRx + Mark Cuban Cost Plus Drugs:

Pharmacy costs have risen rapidly over the past decade, placing strain on patients and employers throughout the country. SmithRx is forging new pathways to affordable drugs while giving clients full access to their data.

You can find the press release for this exciting announcement here, and FAQs below.

FAQs - SmithRx and Mark Cuban Cost Plus Drugs

Why is SmithRx partnering with Mark Cuban Cost Plus Drugs?

Mark Cuban Cost Plus Drugs is pursuing the mission of prescription drug affordability by building an innovative pharmacy model that delivers medications at cost, plus a straightforward 15% markup, along with a $3 dispensing fee and shipping. Like SmithRx, Mark Cuban Cost Plus Drugs is reinventing the industry by putting transparency, simplicity, and clarity at the forefront of their business model to lower drug costs.

What medications can be filled at Mark Cuban Cost Plus Drugs?

Mark Cuban Cost Plus Drugs carries over 1,000 medications that are currently generic products. Medications that are covered on the SmithRx plan can be filled at Mark Cuban Cost Plus Drugs if available.

How much will it cost members to fill prescriptions at Mark Cuban Cost Plus Drugs?

Mail order copays will apply for medications on tiers 1, 2, and 3. Specialty copays will apply for medications on tiers 4 and 5.

What drug savings are available from using Mark Cuban Cost Plus Drugs?

With the competitive discounts SmithRx has secured across our pharmacy network, savings vary on a drug-by-drug basis.  You can compare pricing of medications online using the SmithRx portal and also on costplusdrugs.com. For a group-specific review of potential savings from Mark Cuban Cost Plus Drugs, reach out to your SmithRx Account Manager.

What are the program fees for Mark Cuban Cost Plus Drugs?

The savings from filling at Mark Cuban Cost Plus Drugs are passed along to the employer groups. The Mark Cuban Cost Plus Pharmacy is included as part of the SmithRx Connect program.  As part of that program, SmithRx may charge a transparent per-claim fee for supporting the transition of certain high-savings drugs.  SmithRx will provide further information on this fee structure for the program launch in April.

How can SmithRx members use Mark Cuban Cost Plus Drugs to fill their prescriptions?

Once members confirm coverage of their medication on the SmithRx formulary, they can check for availability at costplusdrugs.com. After the member creates an account and the provider sends the prescription to Cost Plus Drugs, the member can place the order and the medication will be mailed to the patient’s home.