Archive for June, 2008

DISCOUNT DRUG CARDS ARE NOT AS GOOD AS THEY SOUND

QUESTION:  I HAVE BEEN APPROACHED BY A SALESPERSON TO GET A “DISCOUNT DRUG CARD”.

HE SAYS IT IS BETTER THAN PART D.  SHOULD I LOOK INTO GETTING THIS CARD?

ANSWER:  There are many “discount drug card” offers out there floating around.  Although some of these cards could save you some money, you should be aware that some cards are scams and other won’t save you as much as they say they will.  Be aware that drug discount cards are NOT the same thing as your Part D Drug Insurance Plan.  You must call your pharmacy to see if they even honor the card, before you join.  Be wary of drug discount cards that charge a FEE, and watch out for hidden costs.  You should NOT pay a fee to recieve a discount.

I have heard of a drug card from United Networks of America called Texas Rx Card.  It is free and does offer discounts on several common prescriptions.  You may have a simular card in your state.  Walgreens and Kmart accept this card. 

Just be careful and don’t pay any fees for a discount card.  Check with your pharmacy to see if they accept it and you should be okay.

Please write to me, Karyn Blake, here at My Part D USA’s blog at kblake@MyPartDusa.org. Or you can email this article to a friend.

Published by mypartdusa on June 25, 2008 in Drug Savings Tips.

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WATCH OUT WHAT YOU PAY FOR GENERICS DURING THE DONUT HOLE

For those of you who have hit the dreaded “DONUT HOLE”

or the coverage gap that is built in to the Medicare Part D drug benefit, watch the prices of your generics! Many plans inflate prices for generic drugs during that time.  Some of these prices are far higher than widely available retail prices.

When you first join your drug plan you are paying the lower co-pay amounts, but when you fall into the “donut hole” and still present your drug card to the pharmacy, the drug plan still regulates the prices you pay.

IF YOU HAVE BEEN READING MY OTHER BLOGS ABOUT DONUT HOLE SAVING HINTS, I HAVE TOLD YOU TO STOP USING YOUR DRUG CARD DURING THE DONUT HOLE IF YOU ARE VERY SURE YOU WILL NOT REACH THE OTHER SIDE TO THE 95% BENEFIT.

How do you know if you are a victim of this scam?

1.  If the price indicated by your plan, as listed on the Medicare website, for a common generic drug is 2 to 3 times the prices charged by other Part D plans, you may be a redneck….I mean victim.  Just checking to see if you are listening!!!

2.  If the drug prices on your monthly statement for drugs purchased at the phamacy are much higher than the retial price available from your neighborhood pharmacy, you may be a victim.

3.  If your montly statement shows mail-order prices (not co-payments) that are higher than the price charged at your neighborhood pharmacy, you may be a victim.

Please look at your statement!  Call a pharmacy that you do not use and ask them for their price on your generic medication.  If you are paying more than that……..you CAN BUY YOUR DRUGS WHERE YOU FIND THEM CHEAPER WITHOUT USING YOUR DRUG PLAN!!!!!  Check around, shop everywhere!

You will still be required to pay your montly premium to your drug plan, but there is no need to pay higher prices for your medications!!

Congress is working on cracking down on this practice, but it won’t be implemented until 2010.  In the meantime, don’t be fooled into paying higher prices.

At My Part D USA we hope to educate you on the many ways you can save more money on prescriptions!

Please write to me, Karyn Blake, here at My Part D USA’s blog at kblake@MyPartDusa.org. Or you can email this article to a friend.

Published by mypartdusa on June 25, 2008 in DONUT HOLE HELP.

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