AIDS TREATMENT NEWS No. 066 - October 7, 1988
John S. James
Most patients who have insurance coverage for the cost of prescription drugs still have to pay 20 percent of the price; the insurance pays 80 percent (after any deductible has been met). Preferred Rx offers a plan which allows patients to avoid this 20 percent. It fills the prescription through its arrangement with a mail-order supplier, and accepts an insurance payment of 80 percent or more as payment in full.
The plan works by taking advantage of the difference between common retail prices of prescription drugs, and the lower prices available through mail-order pharmacies. Insurance companies cannot force patients to use the cheapest way to fill their prescriptions, as long as the price is reasonable. Preferred Rx bills the prescription at a reasonable price, receives 80 percent of that, and profits by filling the prescription for less.
There is an annual $25.00 dues for using this system -- waived in certain cases such as for Medicare patients. If you do not have insurance coverage of prescription drugs, Preferred Rx is comparable to other mail-order pharmacies.
For more information, contact Preferred Rx at 5755 Granger Road, Suite 305, Independence, OH 44131, 216/661-1977 or 800/365-2646.
881007
ATN06604
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