What are deductibles and how do they affect me?
Today, prescription drug prices are continuing to rise and much of this cost is shifted to consumers. Drug price continue to rise due many “middle men” wanting more of your hard earned money. MedPark Pharmacy is here to help you save that hard-earned cash through their discount prescription pricing model.
What’s My Deductible?
Did you know you might have a deductible phase on your prescription plan that may require you to pay thousands of dollars before you see any benefit from the plan? It’s ok if you didn’t, most us have no idea what insurance will and will not cover or when a deductible starts or stops.
A deductible is the amount you pay out-of-pocket each plan year for covered health care services before your insurance plan begins to pay. This amount can vary from hundreds to thousands of dollars depending on your plan.
For Example: Medicare Part D
Have you heard about the “Donut Hole” in your Medicare insurance?
Here’s how it works:
- You pay 100% for medication until you hit your deductible
- You hit your deductible and you then have coverage up to a certain dollar amount (this varies each year from $4,000 -$5,000 that Medicare will cover)
- After the coverage limits are reached, you hit “Donut Hole!!!”
- Once you hit the “Donut Hole” you pay 25% of drug costs until you reach $6,350 in annual drug costs.
- ***This can result in thousands of dollars out of your pocket***
How to Avoid the Medicare “Donut Hole” with MedPark Pharmacy
At MedPark Pharmacy our self-pay pricing model allows patients to work directly with the pharmacy to purchase their medication eliminating the unnecessary costs tagged onto your prescriptions. We work hard to get the best pricing on medications and pass the savings on to you.
While, we have established a low cost pricing model for thousands of generic medication we understand that we may not always be the lowest price available for every single medication. Our goal is to work with you and your doctor to find the optimal prescription solutions at the most affordable price.
Start YOUR savings with MedPark Pharmacy Today!
Our discounted prescription pricing model is open to everyone. There are no sign ups, no membership fees or insurance needed to fill your prescription with MedPark Pharmacy.
Call us today and start saving! We are open Mon-Fri 9AM-6PM to help you start saving on your prescription medications today!