Benefits Information Portal

Canadian Prescription Benefits

Your health coverage includes a drug plan option that reimburses you 100% for covered generic drugs after deductible for drugs purchased from in-network pharmacies.

Plan Details:

  • You will receive a prescription drug card, limited to generic drugs
  • $5 deductible for each drug prescription, then plan pays 100%
  • Brand name drugs may be used, but plan pays only up to the price of the generic medication
  • Unlimited lifetime maximum benefit
  • Order your prescriptions via the Costco Mail Order program to save even more

Costco Preferred Pharmacy Network

Employees may now purchase medication via the Costco Preferred Pharmacy Network or Costco Mail Order. 

Using the Costco network will keep your drug costs the same in 2022, while using Costco Mail Order could cost you even less. 

Out-of-Network Pharmacies

If you use a pharmacy outside of the Costco network, you will still have a $5 deductible,  however you will also need to pay 10% of the cost of the drug.  

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Your Cost of Care

The cost of this benefit is included in your medical premium.

Learn More

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Documents

Canada Life Costco Mail Order Pharmacy Brochure

Canadian Prescription Benefits

PDF | 524.59 KB | Updated 2 years ago

Canada Life Costco Pharmacy Drug Solutions – Pharmacy Network Value Plan

Canadian Prescription Benefits

Your drug plan with Canada Life includes our Pharmacy Network Value Plan. Now you can save money when you fill your prescriptions at a Costco Wholesale®.

PDF | 1.13 MB | Updated 1 year ago