Home | Prescription Care

Federal Funding

Under the agreement, PEI will receive $35 million in federal funding over four years. This will help lower out-of-pocket costs for drugs covered under public plans for eligible Island residents.

This will also help PEI to add more drugs to the formulary.

Upcoming program changes include:

Effective June 1, 2023: Reducing copays to $5 for commonly prescribed, eligible medications used in the management of cardiovascular disease, diabetes, and mental health for residents covered under the Seniors Drug, Family Health Benefit, Generic Drug and Diabetes Drug programs.
Effective June 1, 2023: Modifying the High Cost Drug Program to remove barriers for those in the lowest income brackets and to make the program available to all income levels
Effective July 1, 2023: Adjusting the Catastrophic Drug Program to lower the cap on the amount of money a household spends on eligible medications

The agreement helps those who are most vulnerable, such as uninsured Islanders, seniors, and families with the high burden of medication cost.

More medication coverage for Islanders

Federal Funding

Upcoming program changes include: