When choosing an insurance company, many people focus on the
medical coverage. Are doctor’s visits covered? What about
Hospital stays and emergency services, are these covered, as
However, after taking into consideration all the aforementioned
areas of coverage, what about prescription drug plans, that
while often the most neglected is also the one that can be the
most expensive and draining of out-of-pocket cash flow?
While these plans do not cover 100 percent of your prescriptions,
many Florida insurance companies offer prescription plans that
cover a majority of the costs at minimal cost to you. These
companies can offer prescription plans as part of your overall
plan or as a separate entity. The most important thing to remember
is while the prescription card can save you money; the difference
between the cost and the savings must be carefully weighed.
There are lots of good savings plans, so shop around. Some
plans offer consumers the option to buy mail order prescriptions
after you buy in-store a mandatory amount of times. This can
offer significant savings especially if you buy in bulk. For
example, one plan offers that if you buy a certain prescription
in singular units they are $20 per piece. However if you buy
them at the three-month rate it is a total of $45. That is a
$15 savings and you get to stay in the comfort of your own home.
Another plan offers copayments in return for prescriptions.
Your money is refunded if you do not see savings. Some other
plans give you discounted rates when you are on a medication
for a pre-determined period of time.
A more controversial method of low priced prescriptions is
to buy them from Canada. This option has received much governmental
and media attention in the last few years. While it is not an
endorsed means of purchasing your prescriptions, it is a viable
way to receive the medication you need at a low cost.
So do your homework, see what each Florida insurance company
has to offer. You may just find a bargain in your own backyard.