At Work

Patients Overpay For Prescriptions 23% Of The Time, Analysis Shows | Kaiser Health News. Don’t pay more than the actual cost for a prescription.

The fact is for many older, hence lower cost drugs, their total cost is less than the prescription plan standard co-pay. If you have drug coverage through your employer, that plan should provide your co-pay is the lesser of the drugs total cost or x dollar or percentage. You might want to check that out.

There is no reason your drug plan of any kind should make money on your co-pay. It’s not enough, although good advice, to ask the pharmacist about cash payment (especially on low cost drugs), you need to challenge your plan and its application of co-pays.

As a health economist, Karen Van Nuys had heard that it’s sometimes cheaper to pay cash at the pharmacy counter than to put down your insurance card and pay a copay. So one day, she asked her pharmacist how much her prescription would cost if she didn’t use her health coverage and paid cash. “And sure enough, it was [several dollars] below my copay,” Van Nuys said. Van Nuys and her colleagues at the University of Southern California Schaeffer Center for Health Policy & Economics decided to launch a first-of-its-kind study to see how often this happens. They found that customers overpaid for their prescriptions 23 percent of the time, with an average overpayment of $7.69 on those transactions.

Source: Patients Overpay For Prescriptions 23% Of The Time, Analysis Shows | Kaiser Health News

Advertisements

1 reply »

  1. I saved $6 on a blood pressure medication, when the Walmart pharmacist told me I could pay cash $4 instead of the regular $10 co-pay. I know you can save money if you pay cash with some doctors. It never hurts to ask.

    Liked by 1 person

What's your opinion on this post? Readers would like your point of view.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s