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IBM Plus PAYER SPECIFICATION SHEET COB Plans January 1, 2011, Bin #: States: Destination: Accepting: Format: 1. 610106 National SIC (Compote) / Reclaim Claim Adjudication, Reversals CPDP Version 5.1
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PBM Plus - PBA stands for Prescription Benefit Manager Plus - Pharmacy Benefits Administrator. It is a form used for reporting pharmacy benefits for a group health plan.
Employers or plan sponsors offering group health plans that include pharmacy benefits are required to file PBM Plus - PBA.
PBM Plus - PBA can be filled out electronically through the Department of Labor's website or submitted through the mail using the provided form.
The purpose of PBM Plus - PBA is to provide transparency and accountability in the reporting of pharmacy benefits offered by group health plans.
Information such as the total number of covered individuals, total pharmacy costs, and any rebates or discounts received for prescription drugs must be reported on PBM Plus - PBA.
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