Prescription Insurance Policies

Prescription Insurance Policies



Prescription Insurance Policies
Some health insurance policies do not provide for
prescription coverage and a​ separate policy must be
purchased for prescription medications.
This is​ an area where it​ pays to​ do some homework and
research and find the​ best policy for you.
Prescription coverage insurance is​ not a​ necessity;
like health insurance coverage,​ it​ is​ a​ calculated
risk,​ although the​ risk is​ not as​ high.
Usually you​ can buy prescription insurance at​ any
time,​ so if​ the​ doctor determines that you​ need an
expensive maintenance ​Drug​,​ you​ may opt in​ at​ that
time.
It is​ important to​ know that if​ you​ presently have
prescription insurance you​ can usually only change it
at a​ specific time of​ the​ year,​ although you​ can add
new prescriptions,​ you​ can’t change plans.
The person who seldom takes prescription medications
probably does not need prescription insurance;
however,​ a​ person who takes maintenance ​Drug​s for high
blood pressure,​ diabetes,​ depression,​ heart disease or
immune disorders most likely needs insurance against
the high costs of​ ​Drug​s.
Prescription insurance policies usually have tiers,​
which usually means that a​ generic ​Drug​ is​ at​ a​ low or
no copay,​ a​ tier 2 level may be the​ brand name
genuine,​ and a​ tier 3 may be a​ brand new expensive
​Drug​ that the​ copay could be a​ set highpercentage of
the cost.
In choosing prescription insurance,​ you​ should first
list the​ prescriptions that you​ take and the​ retail
amount of​ them. if​ you​ chose not to​ purchase
insurance,​ this would be your monthly cost.
Find out from the​ provider what the​ monthly premium
for you​ would be,​ then what the​ prescription copay
amount would be and add these two figures together.
Which is​ the​ less expensive alternative?




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