Save on Prescriptions
Like any other good neighbor, Scott Drugs is committed to helping you and your family get the very best health and wellness from every dollar you spend. That is why Scott Drugs offers savings on prescriptions and provides you with valuable information on Medicare prescription plan and the Affordable Care Act (Obamacare), to help you avoid paying more than you need for the medications you need for your health.
Prescription savings through insurance plans
Health insurance plans are often able to negotiate lower prices with drug companies and pass those savings to you through a pharmacy that accepts the health insurance plan.
Below is a partial list of insurance plans that Scott Drugs accepts:
- Express Scripts
- Medicare Parts B and D
The above list is only partial. To find out if Scott Drugs accepts your insurance plan please call our pharmacists at 908 754 1600.
Prescription savings with Medicare Part D
We hope that the questions and matching answers will help to make your decision about using Medicare Part D and taking advantage of opportunities it might present for you to save money on your medications.
Can Medicare Part D help me save money on my prescriptions?
If you have Medicare health coverage you, you may save a significant amount of money on your prescriptions with Medicare Part D. When you sign up for Medicare Part D, you are able to choose a private prescription plan, one that can save the most money on your medications.
- Who is eligible for Medicare Part D?
- Medicare Part D plans are open to everyone eligible for Medicare in the U.S. and U.S. territories. In general, anyone 65 years old or older and some younger people with certain disabilities. You cannot be denied coverage for health reasons. Participation is voluntary, which means you get to decide if you want to enroll or not. If you have Medicare and Medicaid, you will be enrolled automatically, so there is no lapse in your Medicaid prescription drug coverage. The annual open enrollment period is October 15 to December 7, for coverage beginning January 1. If you decide to join later, your monthly premiums may be higher because there’s an additional fee for late enrollment.
Do I have to pay for Medicare Part D?
Participation in Medicare Part D has a cost and you will pay a portion. However, the government pays for much of the cost. Typically, the government pays about 75 percent of the enrollment costs of your chosen plan and you pay the rest.
Does Medicare Part D protect me from sudden medication price hikes?
All of the Part D plans are government-licensed private insurance plans. As a participant, you may pay a monthly premium, but that premium buys you the peace of mind from knowing that if your drug costs increase unexpectedly your will be shielded by the insurance coverage.
Can I get discounted prices when covered by Medicare Part D?
When you join a Part D plan and use pharmacies that accept you insurance plan, you will usually be able to get discounted prices on your medications. That is because an insurance plan is usually able to negotiate lower prices with drug companies and pass those savings to you through a pharmacy that accepts the plan.
Who chooses the health plan to provide me with Medicare D?
It is you who chooses the insurance plan whose Medicare Part D plan best meets your needs and where you should enroll. All insurance plans must meet the government’s basic requirements, there will be differences among different plans, based on premiums, which drugs are covered and what pharmacies you can use.
Is Medicare Part D the only coverage I can buy from a health plan if I qualify for Medicare?
Medicare Part D prescription drug coverage is the simplest Medicare plan you may buy from a healthcare insurance plan. You can use Medicare Part D in combination with tradition Medicare medical and hospitalization plans offered directly from the government. The other Medicare coverage you can buy from an insurance plan combines a prescription drug plan with medical coverage for doctor visits and hospital expenses, fully replacing the government plans. This type of plan is called Medicare Advantage plus Prescription Drug, or MA-PD.
What is the best time to enroll in Medicare Part D?
If there are no important reasons to delay, you should enroll when you first become eligible. If you do not enroll when you first become eligible, you may pay more when you sign up later. The late enrollment fee is approximately one percent of your premium for each month you delay, and you’ll pay it for as long as you stay in a Part D plan. If you enroll late because you were participating in a qualified prescription drug plan, such as a plan from your former employer, the fees may not apply to you. Additionally, if you are eligible for the low-income subsidy, the fee may not apply to you too.
Is there a list of drugs and drug brands that I must use under Medicare Part D?
Each Part D drug plan will have its own government-approved list of the drugs it covers, called a formulary or preferred-drug list. The formulary may vary from plan to plan, but you and your doctor will have choices. Before you choose a plan, it is help to compare plan formularies to see which one best meets your needs.
Does Medicare Part D offer free drugs?
Participation in Medicare Part D will not offer you free medications. What it does is to significantly reduce your cost significantly. This is because you pay only a portion of the cost for each prescription. Your insurance plan is able to pay a large portion of the cost because it is able to negotiate large discounts with drug companies and pharmacies and can pass to you some of the savings it gets when large numbers of people who pay premiums do not get sick or need medication for long periods of time.