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Prescription savings cards can help reduce out-of-pocket costs of drugs, sometimes by as much as 20 to 80%. Get an Rx discount card and don’t overpay for your generic or brand name drugs.
Discount drug cards can help reduce out-of-pocket costs of brand name and generic prescription drugs. Many Americans rely on prescription drugs to help manage symptoms and treat life-threatening conditions.
was the annual cost per person in the US for retail pharmaceuticals in 2014.3
Pharmacy discount cards can help you save money on brand name and generic drugs that are obtained from a pharmacy.
Not all FDA-approved generic, preferred, or brand name drugs are covered by the Rx Paycard.
Rx Paycard Covers Popular Prescription Drugs 5
|Drug Name||What's it for||Non-Member Cost*||Member Cost*||Savings|
(brand name: Vicodin)
(brand name: Prinivil or Zestril)
|High blood pressure||$441.40||$231.75||47%|
(brand name: Synthroid)
(brand name: Zithromax, Z-PAK)
|Escitalopram||Depression + anxiety||$5,868.41||$594.40||89%|
brand name: Lipitor
If a brand name drug you’re taking is not included in the pharmacy discount card plan, speak to your doctor about changing to a generic alternative.
Generic drugs have the same clinical benefit, dosage, intended use, side effects, risks and strength as the brand name drug6 and may be a fraction of the cost.
Got a high-deductible plan? Pair Rx Paycard with medical gap insurance to save on out of pocket costs.
Your prescription medications aren’t included on your insurance plan’s formulary (i.e., the approved list of covered drugs). Many people don’t realize their prescriptions aren’t covered until it’s too late and health insurance open enrollment is closed, leaving them stuck with a plan with limited or no coverage for drugs they rely on.
Reducing what you pay out-of-pocket for prescriptions is a good first step. But the most popular Obamacare plans have a $4,000 medical deductible.7 A gap medical plan paired with Rx Paycard can help further protect you from high out-of-pocket costs. Begin the 1-minute quote and enroll process to get your estimate.
Your employer-sponsored major medical plan has a high deductible and no health savings account. HSA dollars can be used towards prescription drugs to help alleviate the burden of prescription drug costs. Without an HSA, you may be stuck paying more out of pocket.
A gap medical plan paired with Rx Paycard can complement your employee benefits to help ease the burden of out-of-pocket medical and prescription drug costs. Begin the 1-minute quote and enroll process to get your estimate.
Your Obamacare plan combines medical and pharmaceutical deductibles into one and doesn’t include any drug benefits until you’ve met it.
A prescription deductible is typically lower, making it easier to access the drug coverage. For example, in 2016, the average Bronze plan drug deductible was $4048, while medical deductibles typically start around $4,000.9
When the two types of deductibles are rolled into one high deductible you’ll be stuck paying out of pocket a lot longer.
You don’t have major medical coverage at all and don’t qualify for a special enrollment period.
Alternative health coverage options like short-term medical insurance, hospital indemnity plans, and bundled coverage like Fusion don’t include prescription drug coverage, so a complementary product like an Rx Paycard can help round out your benefits
Does Rx Paycard cover birth control? (Yes.) Do you need to qualify to obtain the card? (No.) Get all the answers to your pharmacy discount card questions.
Drug card manufacturers negotiate drug prices with participating pharmacies and set up a fee structure, by tier, that provides savings to the consumer in most cases.
Tiers categorize drugs by cost and are meant to incentivize card users to choose less expensive options. You will pay a portion of the cost of your prescription. Typically, you pay more as the tiers increase.
The four drug tiers:
More expensive generic drugs and “preferred” brand name drugs. (Example: Warfarin)
Usually generic drugs, these are the lowest cost prescription drugs. (Example: Amoxicillin)
Non-preferred and brand name drugs that are more than tiers 1 or 2. (Example: Clozapine)
Specialty drugs used for treatment of rare or serious medical conditions and newly approved drugs.
When you fill a prescription you present your discount card and pay out of pocket instead of providing your insurance information and paying the pharmacy copay.
Anyone can obtain a prescription drug card – there’s no health questionnaire required.
Still not sure if a prescription drug card is right for you? Don’t worry. There’s a 10-day return period after purchase during which you can return your drug card for a refund.
Use the pharmacy locator tool to find a participating pharmacy near you.
Rx Paycard is available in the following states:
Pair the Rx discount card with a short-term medical plan to get alternative health benefits. Begin the 1-minute quote and enroll process to get your estimate.
1Health, United States, 2016. https://www.cdc.gov/nchs/data/hus/hus16.pdf#079 Table 79, p. 293
2Sarnak, D., Squires, D., Kuzmak, G., & Bishop, S. (2017). Paying for Prescription Drugs Around the World: Why Is the U.S. an Outlier?. Commonwealthfund.org. Retrieved 8 May 2018, from http://www.commonwealthfund.org/publications/issue-briefs/2017/oct/prescription-drug-costs-us-outlier
3Sheiner, P. (2017). The Hutchins Center Explains: Prescription drug spending. Brookings. Retrieved 22 May 2018, from https://www.brookings.edu/blog/up-front/2017/04/26/the-hutchins-center-explains-prescription-drug-spending/
4Based on IHC Carrier Solutions Top Drugs Antidepressants Birth Control data, June 4, 2018
5IHC Carrier Solutions Top Drugs Antidepressants Birth Control, accessed June 4, 2018.
6Generic Drugs: Questions & Answers. (2018). Fda.gov. Retrieved 4 June 2018, from https://www.fda.gov/Drugs/ResourcesForYou/Consumers/QuestionsAnswers/ucm100100.htm
7Mangan, D. (2017). Obamacare plans get more restrictive and deductibles get pricier in 2018. CNBC. Retrieved 6 June 2018, from https://www.cnbc.com/2017/11/30/obamacare-plans-get-narrower-and-deductibles-get-pricier-in-2018.html
8Prescription Deductibles: What Should You Know?. (2017). HealthMarkets. Retrieved 1 June 2018, from https://www.healthmarkets.com/resources/medicare/prescription-deductible/
9Mangan, D. (2017). Obamacare plans get more restrictive and deductibles get pricier in 2018. CNBC. Retrieved 6 June 2018, from https://www.cnbc.com/2017/11/30/obamacare-plans-get-narrower-and-deductibles-get-pricier-in-2018.html
10Why Prescription Drugs Aren't Part of Obamacare - Morning Consult. (2016). Morning Consult. Retrieved 6 June 2018, from https://morningconsult.com/2016/03/24/why-prescription-drugs-arent-part-of-obamacare/