Thursday, March 18, 2010

Discount Prescription Plan – Know All about It

A discount prescription plan is a medical plan that allows you to acquire prescription medicines at a discounted price or even free of cost at times. These discount prescription plans are usually sponsored by several government bodies besides private organizations, clubs and committees. More commonly, these organizations are groups formed by medical practitioners, patient advocacy committees, pharmaceutical companies and community organizers. The prescription drug programs are mainly targeted to the retired senior citizens and people within a low income group. These programs are also useful for patients who do not have any medical insurance. In many cases, patients are also given the privilege of collecting their prescription medicines absolutely free of cost. Some discount prescription programs also allow free health checkups. But that is usually for the patients who meet particular eligibility criteria.

Many a times the drug discount cards are given away by roadside assistance stalls and banks besides clubs, pharmacies, clinics and hospitals. Usually, the discount drug card providers promote themselves by touring the nation, states and cities. This way they reach out to the masses. Most of these organizations also have their own websites for extending online support to their member patients. All drugs which are sold under prescription need to fulfill the regulatory requirements. In the U.S, the low cost medicines need the approval of the FDA or the Federal Drug Administration. Almost 50 percent of the branded drugs available on showing prescription have low cost generic medicine equivalents. And, it takes 20 years for the patent on the prescription drug to expire. After expiry, the inexpensive generic medicine is sold with huge savings to the consumers.

Monday, March 8, 2010

A Prescription Drug Plan that Works for You!

Often times, individuals and families have difficulty finding a prescription drug plan that is affordable and dependable. Cost is often times the deciding factor, but other factors need to be considered when making this crucial decision.

Here are a few tips on selecting a prescription drug plan that is best for you and your family. One mistake that people tend to make is just looking at premiums. You must also factor in deductibles, co-payments, as well as the pharmacies that are affiliated with the prescription drug plan of your choice. The premium is the cost you pay monthly to join a drug plan, while the deductible is the amount you pay for prescriptions before the plan starts. Some plans may or may not have a deductible. The copayment is the amount you pay for your prescriptions after paying a deductible. Often, you pay a set amount or a percentage of cost for any prescription, while other plans my have different costs due to generic or brand name prices. It is also important to really understand the coverage gap. One very useful online tool to take advantage of that will help you find a prescription drug plan: is a site that will help you do just that. So take the time to consider all factors when choosing a drug plan that is best for you and your family.

Thursday, December 3, 2009

Is your Prescription Drug Card a Life Saver or a Scam?

A prescription drug card is a government or private group-sponsored discount coupon and insurance for medicines prescribed by your doctor. Though, it might not cover doctor’s fees or hospital costs, it does help you save dollars and cents on your medications. A god-sent for senior citizens, uninsured individuals and families, and those who have limited prescription coverage in their existing medical insurance plans, you can find free as well as paid prescription drug cards online and offline. Despite their immense benefits, Medicare Rx Drug Plans and Prescription Drug Card Schemes have turned into an easy lure by scamsters.

To save yourself from the possibility of falling into a money laundering trap, make sure that you check whether your prescription drug plan is approved by Medicare or not. The official website maintained by the government has a list of all drug coverage plans that are approved in America. A prescription drug card scheme that asks for your Social Security number, credit card details or bank account information before you are actually enrolling into the program is sure to be suspicious.

Beware of companies and organization that advertise and promote their plans, offer you gifts or prizes to enroll, or say that your prescription drug card plan can actually lead to bar some other benefits offered by Medicare. It is not true. A prescription drug card stands to benefit you along with other benefits you are availing, and any person who tells you otherwise, should be reported to authorities.