“Dreaded Donut Hole” Begin Saving Strategies EARLY in 2009
As you all know, many people who hit the “dreaded donut hole” STOP taking their needed medications because they cannot afford to pay the full retail price. Have you ever heard the saying “SURVIVAL OF THE FITTEST”? It seems to me the drug and insurance companies are changing this old saying to “SURVIVAL OF THE RICHEST”!!!
I have written about buying your generics off your drug plan for a long time now. I have seen this getting out in mainstream news and am very glad for it. People need to begin each new year using this tactic to stay out of the donut hole for as long as possible. If you only use your drug plan for medication that is not available in generic form, you will have more in your pot to pay for them. If you file every generic purchase on your drug plan, all this adds UP! The amount the drug plan applies toward your $2,700 is the retail price of the generic, not the smaller co-pay amounts. Even though you may be paying only $4 for a 30 day supply of a generic, your drug plan may be actually adding $20, 30 or 40 to your falling into the donut hole.
Please read my other blogs about drug savings tips and donut hole help on the left side of this blog.
THOUGHT FOR THE DAY: To the world you may be only one person, but to one person you may be the world!
