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.