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Generic olmesartan is covered by most Medicare and insurance plans, but some pharmacy coupons or cash prices may be lower. Olmesartan (Benicar) is a moderately priced drug used to treat high blood pressure. This drug is slightly less popular than comparable drugs. It is available in generic and brand versions. Generic olmesartan is covered by most Medicare and insurance plans, but some pharmacy coupons or cash prices may be lower. Get Olmesartan for as low as $9.57, which is 94% off the average retail price of … Benicar (Thiazide Diuretic): compare prices at CVS, Walgreens & more. Free RxDiff discount card saves up to 80%. No insurance needed. Olmesartan medoxomil is the generic equivalent of Benicar. It also comes in combination products, including Benicar HCT and its generic olmesartan hydrochlorothiazide (with a water pill), and amlodipine olmesartan (with a calcium channel blocker), sold as Azor. 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