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Discount Drug Cards are an Excellent Way to Get Immediate Savings on Prescriptions.


The United States is seeing significant changes on the horizon of its health coverage for residents. With the Affordable Care Act creating the environment whereby everyone must be able to be insured, it has direct impacts on the expansion of Medicaid that may make programs like discount drug cards more imperative than ever.

Effective in January 2014, Medicaid eligibility for low-income adults has the potential to extend health coverage to millions of currently uninsured individuals. This expansion essentially sets a national Medicaid income eligibility level of 138% of poverty (about $27,000 for a family of three) for adults. One concern, however, is the June 2012 Supreme Court ruling that has made the expansion of Medicaid optional for states; as of March 2014, there were 24 states that did not plan to implement the expansion in 2014. In most states that do not expand Medicaid, however, many people will be left without an affordable coverage option. For these people, finding access to options to decrease their medical costs will become imperative. Programs such as discount drug cards may be one of their only options.

What is a discount drug card?

Discount drug cards provide immediate savings to Americans when they seek to fill their prescriptions. This program makes prescriptions and some over the counter drugs more affordable for both the underinsured and uninsured. You can save up to 80% on many drugs in over 63,000 participating pharmacies.

Discount drug cards are universal; anyone can activate one simply by going to participating companies. They are activated without any personal information having to be shared, no medical questions to be answered and no waiting period before savings can be accessed – savings begin immediately with the first prescription filled.

How do discount drug cards work – who actually pays for them?

There are a lot of questions surrounding how it is possible to get up to 80% savings on prescriptions with discount drug cards without having to fill anything out, pay, or commit to anything.  Am I getting inadequate drugs or drugs that have expired? If not, how is this program able to sustain itself if anyone can simply activate a card and get savings immediately?

The simplest way to explain this is using the concept of bulk buying – the more you buy, the less each individual item costs. The savings are immediately noticeable on each item if the overall cost is quite high. This is how drugs are purchased under the discount drug card.

Discount drug networks, providers of the discount drug card, cover millions of people and leverage the power of group purchasing to negotiate these discounts on behalf of members. The pharmacies agree to let members get discount pricing (just like they do already for insurance customers) because they want your business! They want to be seen as supporting their community members – that is why over 63,000 pharmacies are now part of this network. In fact, most of the national, regional and local pharmacies honor the discount drug cards – companies such as Brooks, Costco, CVS, Kroger, Medicine Shoppe, Rite Aid, Safeway, Target and Walgreens to name a few.

 

We at Health Matrix Direct, LLC know a lot about the benefits of a discount drug card, and the importance on saving money on everyday purchases. Browse our website today to learn more about how you can save money on your prescription. For more information on drug cards, you may also visit About.com.