Insurance Policies

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Some health insurance policies do not provide for

prescription coverage and a separate policy must be

purchased for prescription medications.


This is an area where it pays to do some homework and

research and find the best policy for you.


Prescription coverage insurance is not a necessity;

like health insurance coverage, it is a calculated

risk, although the risk is not as high.


Usually you can buy prescription insurance at any

time, so if the doctor determines that you need an

expensive maintenance drug, you may opt in at that



It is important to know that if you presently have

prescription insurance you can usually only change it

at a specific time of the year, although you can add

new prescriptions, you can’t change plans.

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The person who seldom takes prescription medications

probably does not need prescription insurance;

however, a person who takes maintenance drugs for high

blood pressure, diabetes, depression, heart disease or

immune disorders most likely needs insurance against

the high costs of drugs.


Prescription insurance policies usually have “tiers”,

which usually means that a generic drug is at a low or

no co-pay, a tier 2 level may be the brand name

genuine, and a tier 3 may be a brand new expensive

drug that the co-pay could be a set high-percentage of

the cost.


In choosing prescription insurance, you should first

list the prescriptions that you take and the retail

amount of them. If you chose not to purchase

insurance, this would be your monthly cost.


Find out from the provider what the monthly premium

for you would be, then what the prescription co-pay

amount would be and add these two figures together.

Which is the less expensive alternative?