Prescription Drug Plans (PDP) vary and change every year. Save yourself the hassle and call us with a list of your medications. We can easily run your medications through all of the Prescription Drug Plans and their formularies to show you the correct plan for your situation. Keep in mind that, in the wake of the Affordable Care Act, many pharmaceutical companies are passing their costs on to consumers. And, as we noted above, formularies do change every year. If a drug you use regularly does not appear on a particular company’s list, your health insurance company may not credit the cost of your drug to your annual deductible. In that hypothetical scenario, it won’t count toward your out-of-pocket maximum.
Aside from rapidly checking through all the formularies, we have other tips that could save you money. These suggestions include bulk ordering medication in advance; getting a double dose that you can cut in half and helping you to research potential generic medications that could be a replacement for your medication (we strongly suggest talking with your physician first before making any changes to your medications). If you have any questions, contact a Century Benefits agent to learn more about the right Prescription Drug Plan for you.