Prescription drugs can be a costly part of health care. They are prescribed for a variety of illnesses ranging from infections all the way to mental disorders and are often a necessary part of a treatment regimen. Therefore, it is important to take into account any preexisting conditions, family history, and all other factors that may require the use of prescription drugs to treat when choosing an insurance provider and plan.
Typically, each plan will provide its own unique formulary. Essentially, a formulary is a list of drugs that are covered by the insurance provider. Often they are tiered, meaning that some generic and cheaper medications may be covered entirely while name brands and expensive medications will only be partially covered. Each formulary is different, so if you need a certain medication, it’s important to talk to your doctor about all your options in order to gain an idea of what type of drugs and how many pills you’ll need before picking an insurance plan. This will ensure that you get the best possible prescription drug coverage in your plan.
All public plans in your state marketplace are required to provide some sort of prescription drug coverage. However the rules vary from state to state, so it’s possible that you may need to find some sort of supplemental insurance in order to make sure your prescriptions are covered.
With private plans, you must check the summary of benefits in order to find out if prescription drugs are covered.
Plans will also vary in terms of networked pharmacies and mail order service. It is often possible to save money by joining a club/member program at a local or chain pharmacy, or by ordering online. There are also many prescription assistance programs available through state insurance providers, pharmaceutical providers, and charities.
All of this can seem quite confusing, and with prescription drug plans being only one part of your health coverage, it can be easy to feel overwhelmed when shopping for health insurance. That’s where we come in. McKnight & McKnight agents have years of experience and expertise when it comes to finding insurance solutions for you and your family. All it takes is a phone call or web conference from your home and we’ll be able to find the perfect plans for you to choose from. All you need to do is answer some questions, then sit back and relax while we gather your personalized options. Feel free to call us today at (813) 792-2301
