Effective Jan. 1, 2026, CVS Caremark (CVS) will replace OptumRx as the new pharmacy benefits manager (PBM) for select CalPERS health plans.
CVS will manage retail, mail-order, and specialty pharmacy services for affected Basic plans. SilverScript – an affiliate of CVS – will serve the same functions for participating CalPERS Medicare plans.
To learn more about this transition and how it affects you, CalPERS invites you to a live webinar on Thursday, Sept. 18 at 10 a.m.
The CalPERS Pharmacy Benefits Manager Webinar is free to attend and will be livestreamed on YouTube. CalPERS and CVS Caremark will field your questions and provide support to help you manage your medications.
Click here for a complete list of affected health plans where CVS Caremark will become the new pharmacy benefit manager starting in 2026.
CalPERS members can contact CVS and SilverScript by phone. Representatives are available to answer questions about prescription benefits.
- Basic Plans Members (CVS): (833) 291-3649
- Medicare Members (SilverScript): (833) 291-3648
CalPERS Open Enrollment continues until Friday, Oct. 10. Changes made during Open Enrollment will take effect Jan. 1, 2026.
Click here to watch the CalPERS Pharmacy Benefits Manager Webinar