Should You Use Your Insurance or Prescription Discount Card?

If you go to the pharmacy to pick up your prescription every few weeks, it may be the recurring prescription you pay for each month as a maintenance medication. It may happen that you came down with the irritating sinus/cough/cold infection which you get once a year and need to pick up some congestion and antibiotics relief medications.

In this scenario, all you need to do is ask these two questions yourself:

•      First, should I use my insurance and ensure the copay counts towards my health plan?
•      Do I want to use the discount card on medications and not pay the price fully?

Compare the costs in advance

Before dropping the prescription off at the pharmacy, hop on your computer or phone and go to the discount card website. The discount program is accepted at most major pharmacies. Rx discount card helps you get the medications at the lowest cost at your nearest pharmacies. The drug cost of your drug will likely be much cheaper when you use a discount coupon.

How should you use the discount coupon?

If you decide to go the route where you can use a free prescription drug discount card, you must keep in mind the amount you will not be applied towards the medical deductible or out-of-pocket maximum. Therefore, you are likely to reach out to the health insurance company and see if you can submit the receipts for prescription discount card purchases.

Should you make it count towards your deductible?

It depends on what your year looks like; it may benefit you to pay the pharmacy copay and file the pharmacy claim through your insurance. If you take multiple medications consistently or are planning to have any medical scans, surgeries, or procedures throughout the year, the more copays you spend at the pharmacy, the sooner you will meet your minimum requirements to spend towards the deductible or out-of-pocket maximum.

Will the Insurance Company Reimburse for the Rx Prescription Discount Card?

When you use a prescription discount card to save on your prescriptions, you choose not to use insurance. Therefore, it is considered an out-of-network, cash purchase, out-of-pocket while using the insurance company. However, you might be eligible to be reimbursed if you are willing to do a little paperwork.

Using an Rx discount card can be helpful to afford medication if you have a high deductible plan, if your insurance does not cover a medication, or if the price is lower than your copay for the treatment. Also, it is crucial to note that this process is different from ‘split billing,’ which means using two different insurance plans, as prescription discount cards are not the insurance.

                         

How to get reimbursed for a prescription?

Whether an insurance company reimburses you for a prescription will depend on their policies. Most health insurance plans will reimburse you for a prescription if you:

 ·   Got billed incorrectly by the pharmacy

 ·    Purchased medication outside the US

  ·   Didn’t have an insurance card

 ·    Waited for a drug approval

 ·   Paid for a compound prescription

 

 ·   Used a non-participating pharmacy

You may also let your insurance company know about the price with the prescription discount card company about how cheaper it was compared to the insurance cost. You may also be eligible for reimbursement if you receive prescription benefits through Medicaid or Medicare.

Many insurance companies need you to send requests for reimbursement within a specific time after you fill up your prescription.

There is a possibility that insurance policies vary, and your results may differ depending on the agent who will process your insurance claim. In addition, there’s a possibility that your insurance may decline to reimburse you. It may also happen that the company may apply your payment to your deductible; in this case, contact them for enhanced information or repay you.

It may happen that you do not get your money back; you can rest easy knowing you spent less with the best prescription discount card than you would have out-of-pocket.

How to Save Money on Heart Failure Medication

When you are hit with a diagnosis that has ‘failure’ and ‘heart’ in it, it is natural to feel overwhelmed. After all, your heart is your engine. It pumps nutrient-rich blood and oxygen throughout your body. However, when it can’t keep up, your body may not get enough nutrients it needs.

Over time, everyday activities may become much more difficult. It sounds serious, but there’s a lot you can do to tackle it. But keeping up with the medications is not an easy task, especially when we talk about the cost.

Few people have few or no symptoms of heart failure. So if they are forced to choose between buying their heart failure prescription, another medication that could bring them more relief from a different condition may prefer the latter.

Ask the doctor about cheaper options

It is natural not to want to express concerns about the cost with your doctor. But if you keep your struggles to yourself, it may mean missing out on serious savings, especially when it comes to heart failure medication.

There are a lot of medications that have been shown to help with heart failure. It is a good thing to say; if one is too expensive, there’s likely a similar alternative to try like the free prescription discount card.

For example, the medications doctors prescribe first for heart failure are generally interchangeable. These first-line medications are split into three classes:

·         Angiotensin receptor–neprilysin inhibitor

·         Angiotensin II receptor blockers (ARBs)

·         Angiotensin-converting enzyme (ACE) inhibitors

Understand your insurance coverage

An insurance company’s medication formulary is one great resource to see which ones you can cover. It is a list that usually divides medications into 3 or 4 tiers.

The formulary will list the medications and inform you about the level of courage you have. It won’t necessarily say the amount you’ll pay on each tier, but it is a good place to start. Typically, the medications in tier 1 are generic and maybe the least expensive. Those in tier 4, on the other hand, tend to have the highest cost.

Try a prescription discount card

Even if you have insurance, it is always good to check and see if there’s a lower price. To find a good prescription discount card, you have to search for your medication on the app or website.

If you want to get a good discount on medication, download the free prescription drug discount card today!

Tips for Lowering Your Prescription Costs

Are you aware that about eight in ten adults in the US find prescription costs unreasonable? Affordability seems to be a significant concern for the people who take more prescription medicines. Some people may not take the medications as directed due to the costs.

The high cost of prescription threatens people's financial and healthy lives. You wouldn't want to go into debt or see if your health condition worsens because you cannot afford the medication.

To find a better deal on prescription medications, one example is to download the free prescription discount card. It may help save you money. You will also get the ability to deal with life-threatening conditions and better quality of life.

Here are six interventions that can help you in lowering down the costs:

Talk to your health care provider

While you may assume that your doctor is aware of the costs of the prescribed medications, it is not usually the case. Your expenses on this medication also depend on the insurance coverage. If you find high costs while filling the prescription, consult a physician for less costly alternatives. Your doctor would be willing to suggest low-cost, effective prescription.

Even if we talk more, most pharmacists are not aware of the types of medications covered by insurance. So if you see the prices higher, speak to them about the alternatives.

Switch to generic medications

It is better to ask your current healthcare provider for less expensive yet similar or generic options of the prescribed medications. The FDA usually approves generic medications to be safe and effective. Unlike brand-name, they cost less money.

Brand-name medications tend to cost more due to the processes involved in manufacturing them. The prices also reflect the marketing or branding efforts applied to get them to the consumers.

FDA-approved generic medicines offer many clinical benefits and similar risks as the brand-name ones. The FDA requires healthcare providers to know about their counterparts' exact dosage, effectiveness, safety, stability, quality, and strength. They also monitor both brand-name and generic medication products to ensure they meet the quality standards.

Take help of programs by pharmaceutical and charitable companies

Reach out to the pharmaceutical companies which have incentives for prescription to lower the medication costs. Your eligibility for these programs depends on your health and income needs.

Signing up for charitable relief programs run by national-based and community charities is crucial. The relief programs usually target people who cannot afford prescription medications at a total cost. Qualifications may vary with the health condition and your charity.

These programs may be ideal for you when you need a lifetime supply of prescription medicine. They may also work well for you if your current prescription takes a massive toll on your finances. First, however, you need to ensure that the donated or discounted medications are approved for use by the FDA.

Think turning into CHIP, Medicaid, or Medicare

Medicare offers optional medication coverage to cover the prescription costs of up to $4,100 each year. Once you sign up for Medicare, ensure that you enroll in this coverage. If you have a lot of prescriptions, the plan also qualifies you for the supplemental plan at separate costs.

Medicare also provides you an added coverage if you are eligible for a program known as Extra Help. Like Medicare and Social Security programs, Extra Help covers medication expenses for those with limited income. You may need to meet resource criteria and certain income to qualify for this program.

It is possibly easy to save on prescriptions if you are eligible for Medicaid or CHIP (Children's Health Insurance Program). It is one of the types of programs that provide coverage to children whose families cannot afford private insurance. The program also targets kids from families whose incomes are too high for the income criteria of Medicaid.

Medicaid is a federal and state-run insurance program that targets low-income people. Children, people aged 65 and above, and pregnant women qualify for this program.

Split pills

Splitting your pills in half may help you save your money if your prescription medications are available twice the usual dose. For example, with the strategy, you may get a two-month supply of medicine for the price of a one-month supply.

However, it is tough to split some medications safely, and there are many risks involved with the method. Therefore, it would help to talk to your pharmacist or physician before cutting the pills in half. You must also check the package insert if the medication has FDA approval for the split.

It would help if you tried to avoid splitting pills with a small or hard outer coat, uneven shape since they won't split evenly as you want. Also, tablets and capsules with an extended release are not ideal for splitting.

Always clean your hands to avoid contaminating the medication and use a sanitized pill-splitter. You must also talk to your doctor or pharmacist for instructions. You risk forgetting to split pills or uneven doses with this method.

Use the coupons and mail-orders

You must count on the mail-order service of your insurer to get the medicines for a supply of up to 90 days. It is better to plan before using a mail-order service since the delivery may take up to two weeks.

Before you make the transaction with the online pharmacy, remember to check if they possess a proper license or not in the US. It would be best to also explore the FDA's tips before buying the prescriptions online safely.

You can also find rx prescription discount cards online to cope with the overwhelming medication costs. Unfortunately, few websites offer prescription costs comparison tools to help you find the best deal.

Conclusion

Prescription  costs do not take a toll on your finances. However, with the help of tips given in this guide, it will be easier for you to find better deals when saving money. The key here is to be savvy. You must also seek help if you incur any issue related to your prescription. Then, all you must do is, find the right free Rxdiscount card provider, and you’ll be able to save more money than you imagined.