Taking Generic Prescriptions - Think Outside The Plan!
By www.menhealthonline.biz
Prescription drug costs are big drivers of a medical plan. I've seen this firsthand with some of my self-funded clients - the prescription drugs claims have been as high as 33% of total claims!
Not only are drug costs hitting employer's claim liability; they are also hitting the pocketbooks of insureds. In these days of health savings account plans, prescription
drug deductibles, and higher drug co-pays, it pays sometimes to look outside of the plan for cost savings.
This is where some of the retail pharmacies come into play. The pharmacies of HEB, Wal-Mart, and Target have all come up with a list of generic medications that retail for $4-$5 for a 30 day supply. Some of these lists will have between 200 and 500 different generic drugs, listed by category. HEB has even upped the ante with their "platinum plan" that offers a 90 day supply of listed generics for $9.99. Target and Walmart have also created similar plans.
Here is the deal - if you are able to take a generic equivalent, check with Wal-mart, HEB, or Target to see if your drug is on their list of medications covered under their program.
Compare the price with what your medical plan co-pay is - you might save some money!
If you are taking a brand name medication, check with your doctor to
