West Palm Beach Discount Pharmacies
Everyone has a need for prescription drugs at some point in their lives, for example just about everyone needs an antibiotic in their lifetime. So when you will get prescription coverage for the drugs your doctor prescribes, then you will get to know about the formulary or the drug pricing system.
You must understand that the formulary of your insurance company, Medicare or payer will have drugs placed in different tiers. Your drug expenses will be affected hugely by the drug’s position in the formulary’s tier pricing system. A formulary is a list of drugs that is maintained by your payer, whether it is a private insurance company, Medicare, Tricare, Medicaid or another program. The list contains generic drugs, prescription drugs and other OTC (over-the-counter) drugs which were earlier prescription-only drugs. The formulary usually has 5 tiers of drugs.
Tier 1 drugs and generic drugs are often synonymous. They are the least expensive. Today many of these medications are sold for as little as $4 for a one month supply or $10 for a three month supply in traditional pharmacies. Tier 2 meds are often brand name drugs which command a higher price, while tier 3 drugs are even more expensive brand name medications.
Tier 4 drugs are also called specialty drugs. Your insurance company will not be happy if you get these drugs prescribed, as they are the newly approved pharmaceutical drugs. Being new, they are quite expensive and the high cost makes your payer discourage prescriptions for the drug. Tier 4 drugs were first designated in the year 2009. This designation is considered to be a catch-all for expensive drugs. Usually you will find that drugs in this tier are assigned a percentage, like 50%. For example, is you need to buy an expensive chemo drug, you will get it at $500 if it has been priced at $1,000. Drugs in Tier 4 and 5 can cost upwards of $1000 or more for a 30-day supply.
Now that you know the different tiers, you must understand that the cost of every drug in every tier listing is determined by its real cost and the payer’s negotiated cost. If you have been prescribed a drug from a higher tier, then it will cost more to the payer, and consequently the cost will come down to you.
When tier 4 and 5 drugs are required, you must expect to pay a significant amount for, even with a discount. Using a discount on drugs in these categories is almost always highly suggested, because they generally are exorbitantly priced.
If the discount pharmacy West Palm Beach offers a 15% discount or $150 less, you can use the savings for some other well needed item.
When you need a prescription filled, try a discount pharmacy West Palm Beach. Rather than pay the exorbitant prices that most drugs in an insurance company’s formulary cost, pay the reduced price that is offered when using a discount drug company. Discount pharmacies sell tier 1 through tier 5 drugs at a discount. They even offer generics and OTC drugs at reduced rates and saving money is a good thing.
With all the available resources, there are still few avenues to reduce the cost of medical treatments or their requisite drugs. The most consistent reprieve from the overwhelming costs of good health has been and still is the discount pharmacy West Palm Beach and neighboring areas have many such pharmacies, and all you have to do is to locate a well- known one.
The author is this article is currently associated with Big Mouth Local, an online resource for local business listings.
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