Benefits Plans - Prescription Drug Plan: Drug Plan Updates and New Drug Releases -
Coordination of Benefits (COB)
Coordination of Benefits (COB) was added in February 2003 to the U-M Prescription Drug Plan and applies only to members participating in the BCBSM/United of Omaha medical insurance plan. BCBSM/United plan members may submit prescription drug receipts for co-pays they paid under another prescription drug plan (i.e., VA hospital, Medicare, spouse's health plan) by using the AdvancePCS paper Secondary Coverage (PDF) reimbursement claim form and submitting the reimbursement to AdvancePCS. COB is paid at 80% reimbursement of the approved co-pays.
The University of Michigan in its sole discretion may modify, amend, or terminate the benefits provided with respect to any individual receiving benefits, including active employees, retirees, and their dependents. Although the university has elected to provide these benefits this year, no individual has a vested right to any of the benefits provided. Nothing in these materials gives any individual the right to continued benefits beyond the time the university modifies, amends, or terminates the benefit. Anyone seeking or accepting any of the benefits provided will be deemed to have accepted the terms of the benefits programs and the university's right to modify, amend or terminate them.