High deductible health insurance plan question, Rx without insurance
February 18, 2013 5:54 AM Subscribe
Purchasing meds without insurance coverage, what could be the implications?
posted by zaxour to health & fitness (4 answers total) 1 user marked this as a favorite
I have a high deductible HSA-type health insurance plan, $4000 deductible/calendar year and coverage cycle is from Nov to Oct, so its actually more than $4000. Only 3 employees are covered under this insurance plan by my employer (among those 3, we are the only family, who really use it on regular basis.)
I use a few Rx medications for my health conditions. If I buy these medications through goodrx.com, they are cheaper than what my Rx card will offer me. For example, A 3-month supply of Medicine A from insurance company 'recommended' mail order pharmacy costs $310. If I buy same medicine using insurance information from goodrx.com will cost me $220. So I plan to buy all my medications through goodrx.com
Of course, this will not count towards the $4000 deductible. Even if I use Rx coverage on my insurance plan, I doubt I will make $4000 this year. In such case, if either one the family members ends up in the hospital, I will end up paying a lot more. In that case, I will just have to bite the bullet. (Such possibility is rather low but emergency can strike any time, nobody knows.)
My question is, what implications I am looking at, should I go through goodrx.com instead of my health plan Rx coverage. The reason of going this route is, first save money and second, buffer next year's premiums a little bit. Does this make sense? Would you do the same, should you end up in my shoe?
Thanks in advance.