What is prescription insurance and how does it work?

What is prescription insurance and how does it work?

Prescription insurance helps cover the cost of medications. It typically requires a monthly premium and may have deductibles.

What types of medications are usually covered?

Most plans cover a range of medications, including generic and brand-name drugs, but coverage can vary by plan.

How do I find out if my medication is covered?

You can check your plan's formulary, which lists covered medications, or contact your insurance provider directly.

What should I do if my medication isn't covered?

You can ask your doctor for alternatives, appeal the decision with your insurer, or consider a patient assistance program.

Are there any out-of-pocket costs I should be aware of?

Yes, you may have copayments, coinsurance, or deductibles depending on your plan and the medication prescribed.