Published March 27th, 2020 by USA Rx
Finding the right health insurance plan can be daunting. There are numerous companies that offer health insurance coverage and each company has its own choice of multiple coverage plans to choose from. These plans have different coverage of inpatient hospitalization, outpatient care, urgent care, preventative care, and prescription drugs. These plans also have different ‘deductible’ amounts that have to be met before the insurance company will cover your costs for each component. Often, the choice of a health insurance plan is simple because most Americans get their health insurance from their employer. Employers select insurance plans to offer their employees and most of the time, you can choose a plan that suits you best through your employer. There are several important factors to consider when choosing a health plan that is right for you.
How much healthcare costs you incur annually usually depends on what kind of insurance plan and coverage you have. One of the main health insurance plans that is managed by the government is Medicare. Senior citizens age 65 years or older are automatically eligible for Medicare. Younger people with permanent disabilities, or people with end-stage renal failure can also get Medicare.
Prescription discount cards are a great way to save money on prescription drugs. Drug discount cards work because everyone is eligible to apply for them and they are applicable for most FDA-approved prescription drug. How does the discount card work? They can usually be obtained from trusted websites online, like the prescription drug discount card from USA Rx. The discount card is simply presented to the pharmacy when you fill a prescription drug and the savings are automatically applied.
Unfortunately, you cannot use Medicare coverage along with a prescription discount card, or with a drug coupon. The federal government prohibits pharmaceutical companies from offering discounts on medications purchased with Medicare Coverage. Since prescription drug coupons and drug discount cards fall under this category, you cannot legally use a card or coupon in combination with Medicare. However, you have the option of choosing whether to use Medicare Coverage or a drug discount card on your medication. If you are covered by Medicare, the pharmacist is required by the Center for Medicare and Medicaid Services (CMS) to put the drug under Medicare coverage by default as long as the drug is eligible under the plan. If you decide to use a drug coupon or drug discount card instead of Medicare coverage for reasons that might help you save more on the drug with the discount card, you must specify this to your pharmacy so the drug will not be registered with Medicare when you purchase it.
There are four parts to Medicare coverage.
Often, patients under Medicare coverage end up spending the most on prescription drugs, even with Part D coverage. This can be due to several reasons.
Under what circumstances is it advantageous to use a drug discount card instead of Medicare?
Whether you choose to use Medicare coverage or a drug discount card will be a case-to-case decision based on your health condition, the frequency for which a drug must be purchased and taken, whether that drug is likely to remain on the Medicare Coverage list in the following year, and whether drug discounts are likely to be discontinued for that drug in the near future. If you do decide to use a drug discount card, how can you find one that is right for you? Some drugs discount cards require paying a small fee to purchase. However, there are options for free drug discount cards that can get you the same amount of savings on prescription drugs without having to leave the comfort of your home and without paying a fee.
USA Rx offers a free drug discount card that can help you save money on all FDA-approved drugs. The discount card is accepted at more than 90% of pharmacies across the country, including in Alaska and Hawaii. On the website, you can find how much a particular drug will cost with the discount at your preferred pharmacy. This will also help you compare drug prices at various pharmacies to find the one that is best for you. If your preferred pharmacy is not listed, it may still accept the discount card and you can call them or present your card at your pharmacy to find out. By checking the discounted price of drugs on the USA Rx website prior to filling your medication, you will also have an idea of whether you are likely to save more on the drug by using the discount card or by using your Medicare Coverage. This will help you make an informed decision about which method will be better for you, since you cannot use both the discount card and Medicare in combination for the same drug.
Even if you primarily use Medicare to cover the costs of your prescription drugs, signing up for the drug discount card through USA Rx is still a good idea. If you unexpectedly find that your required drug is no longer on the covered list for Medicare in the following year, you will be prepared with the discount card that can get you a discounted price on the drug. It is important to consider all options when deciding what route is personally best for obtaining your prescription drugs.