Happy New Year! Welcome to the first blog of the year – welcome to 2022. So, we made it through the first part of open enrollment, and I am reminding everyone again, we still have another deadline of January 15. If you’ve missed the first deadline, or if you need to make any changes, you still can until the 15th. The exciting news that I have to share today is a brand new prescription program that was just launched at the end of December.
There are a lot of people who end up choosing a plan that has a high deductible that needs to be met before any of their prescriptions will be paid. Or maybe they’ve got insurance that doesn’t have prescription coverage, or their prescriptions aren’t covered or have an employer plan. Whatever the case may be, there’s a solution now. For as little as $9.95 a month, you can have a prescription plan that covers almost all generics – 90% of all generics are on this plan, called the formulary. And the cost is $5 for those generics. So if you’re lucky enough to have coverage, that you get $3 generics or $0, generics, great, you don’t need a separate prescription plan. But there are a lot of people whose plans don’t cover prescriptions. This new prescription program is a great solution.
One thing about this program is that you can actually look at the formulary and make sure your meds are covered before you sign up for this plan. This is another way that I’m always on the lookout to help people mitigate their costs. Good RX is a great option too, but a lot of times this new prescription plan actually beats the good RX price for generics. For as low as $10 a month, or for a couple, it’s $14.95 a month, which is generally quite affordable.
If you schedule an appointment with me I can assist you by searching through the formulary to make sure that your medications are on the list, and then see what your cost is. This can be particularly helpful for people with chronic conditions such as diabetes. I am still learning all the details, however, I have noted that there is a part of the plan that applies to insulin. Many insurance plans will only pay for so much insulin per month, and if your prescription is more than that, then you are responsible for the cost of insulin to get that extra dosage that your doctor’s telling you to take. If you have a plan that has restrictions on how often you can take certain meds such as insulin, you can use this formulary for that. They even offer delivery to your home. From what I’ve told it’s as little as $37 for the insulin – which I am going to check out and make sure that’s accurate.
If you are interested in this program please hop on over to my page to schedule an appointment with me. I will consult with you about your medications and help you make the best decisions. I look forward to helping everyone in 2022 get the most out of their health insurance.