Prescription plans only
Does your health insurance plan cover all of your medications? Does it cover any of them? Are you searching for prescription plans only?
Advances in medicines have allowed us to lead a vastly improved existence with maintenance medications to keep us as healthy as possible even when we have an illness such as diabetes with no known cure. But the cost of using these medications can be detrimental to our bank accounts if not down right destructive.
As much as 85% of the population of America has some form of prescription medication that they need to take daily however fewer then ¼ of the population has the adequate health insurance coverage they need to provide relief from the expense of these meds.
Most health insurance companies either do not cover prescription drugs at all or operate a formulary in which certain drugs are covered in a tier basis but unfortunately not all. If you need to take medication that is not on your health insurance plans formulary you will be responsible for the full charge of the drug. This is where prescription plans only can help.
Stand alone prescription plans only can help you to cover the medications that your normal health insurance does not cover, although it can be difficult to find such coverage on your own.
Usually you have 4 choices when it comes to prescription plans only, discount drug cards, add ons in the shape of riders to your regular health insurance, a stand alone prescription drug plan and for those on Medicare, Medicare Part D insurance.
By far the most popular choice is discount prescription drug cards. This may be due to the fact that some of these cards can be obtained for free or it could be the low cost of the ones you must pay for. Whatever the reason you will need to choose these types of prescription plans only very carefully as some are just not worth the paper they are printed on. These cards are NOT health insurance but the discounts offered can be a big help.
If you can find one, a prescription plans only health insurance may be your best value depending on the medications you need to take.
No matter which choice you make you will need to verify the plan has the medications you need on their formulary and that the savings you will enjoy do not exceed the expense. Having a prescription plans only insurance can be a big help but only if the yearly annual expense of the insurance or card is less then what you regularly pay for your medications without the card/insurance.