Tuesday, November 19, 2019

Discount drug cards


What are prescription discount cards? And how do they work? First things first: they are completely separate from your health insurance. Think of them as convenient online coupons for prescription medications. Unlike insurance benefits, these discount cards are generally free and have no additional fees. You need only enter a few personal details and you can begin using the service immediately. Just input your medicine and zip code and see results come in from nearby participating pharmacies and supermarkets.
 Discount card services make money by charging the participating pharmacies and supermarkets in their network a small fee for each transaction. The idea once you’re in the store you’ll buy other items when getting your prescriptions.
Just because you find good deals through a discount card doesn’t mean you should ditch your insurance prescription benefit. If you’re on Medicare and have opted for a Part D drug plan, don’t give it up. Many prescription drugs — especially those that don’t yet have a generic equivalent — can be cheaper through insurance benefits. Discount cards are especially useful in cases where you have a high deductible plan or a medication you need is not covered on your plan’s formulary, as the list of approved drugs is known.
Never pay for a drug discount card or provide insurance info, your Social Security number, or Medicare/Medicaid numbers. This info is never needed.

2 comments:

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