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Looking for prescription drug discounts? 5 reasons to have an RX Pay Card

Looking for prescription drug discounts? 5 reasons to have an RX Pay Card

Posted May 18, 2015 by Author

Chances are you’ll need prescription drugs at some point. Some medications can be very costly. The IHC Group has an option: Its discount RX Pay Card

Accepted by over 55,000 pharmacies throughout the U.S., the RX Pay Card offers a 4-tier system with drugs from generic to brand-name, with costs starting at $10. You don’t need to buy another product from The IHC Group to purchase it, and child-only enrollment is accepted. 

Brad Waldrop is Vice President of Sales with IHC Specialty Benefits, a subsidiary of The IHC Group. Below, are his 5 reasons  to have an RX Pay Card: 

  1. The price point is very affordable. Rates start at under $20 a month, making the RX Pay Card a cost-effective option to the high-cost exposure of “going bare,” Waldrop says.
  2. The unique copay structure takes the guesswork out of what you’ll pay.  “Unlike many discount prescription drug programs, the RX Pay Card has budget-friendly, set copayments on many common discount and brand-name drugs,” he states.
  3. The online formulary, where you can see what your costs could be before you go to the pharmacy, empowers you to make intelligent buying decisions. “By seeing the cost differences between selecting a generic prescription drug versus a brand-name prescription drug, you can determine the best value,” he explains.
  4. It’s guarantee issue. That means a pre-existing condition will not rule you out. “No matter what health situation you might happen to have, the RX Pay Card is available without qualifying medical questions,” states Waldrop. 
  5. It’s the perfect complement to an ACA plan which does not have a prescription drug benefit. The RX Pay Card completes the package when individuals elect the ACA bronze plan, says Waldrop, “so you can enjoy a cost-effective prescription plan that may protect you when you face high-cost medication usage.” 

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Please note: Not all FDA-approved generic, preferred or brand name drugs are included in Tiers 1, 2, 3 or 4.  Pricing and tier position are subject to change without notice. Tier position and pricing are only for quantities stated; additional quantities may result in higher cost. THIS IS NOT AN INSURANCE PRODUCT.

This Discount Prescription Drug Card Program is not insurance coverage and does not meet the minimum creditable coverage requirements under the Affordable Care Act (ACA). Enrolling in and maintaining this plan will not exempt you from the shared responsibility payment (tax) that may apply if you do not have plan with ACA-compliant coverage. This plan provides discounts at certain pharmacies for certain prescriptions.

About The IHC Group 
The IHC Group is an organization of insurance carriers and marketing and administrative affiliates that has been providing life, health, disability, medical stop-loss and specialty insurance solutions to groups and individuals for over 30 years. Members of The IHC Group include Independence Holding Company (NYSE:IHC), American Independence Corp. (NASDAQ: AMIC), Standard Security Life Insurance Company of New York, Madison National Life Insurance Company, Inc. and Independence American Insurance Company. Each insurance carrier in The IHC Group has a financial strength rating of A- (Excellent) from A.M. Best Company, Inc., a widely recognized rating agency that rates insurance companies on their relative financial strength and ability to meet policyholder obligations. (An A++ rating from A.M. Best is its highest rating.) Collectively, the companies in The IHC Group provide insurance coverage to more than one million individuals and groups. For more information about The IHC Group, visit www.ihcgroup.com.

About IHC Specialty Benefits, Inc.
IHC Specialty Benefits, doing business as Health eDeals Insurance Solutions is a full-service marketing and distribution company that focuses on small employer, individual and consumer products. Health eDeals markets products through general agents online, telebrokerage, advisor centers, private label and directly to consumers. For more information about Health eDeals visit http://www.HealtheDeals.com