Health insurance plans usually provide coverage for prescription drugs, but the extent of coverage varies depending on the plan and the type of medication. Generally, you will have to pay a portion of the cost for your prescriptions, such as a copay or coinsurance. It is essential to review the details of your health insurance plan to understand your benefits.
Prescription drug plansare supplemental insurance plans that only cover prescription drugs.
To find the right drug coverage, you can consult a licensed health insurance broker like eHealth. Alternatively, you can get drug coverage from an employer or union, TRICARE, the Department of Veterans Affairs (VA), the Indian Health Service, or a Medicare supplement insurance policy (Medigap). When searching for health coverage options, it is important to consider the costs of individual health insurance and prescription insurance. If you choose to go this route, you'll get all your health insurance coverage, including Medicare Part A and Part B, through a Medicare Advantage plan.
No person who applies for health coverage through the individual marketplace will be denied coverage or charged an additional premium for their health status, medical condition, experience in mental illness claims, medical history, genetic information, or health disability. If your health insurance plan uses “levels of drug coverage” this can also affect your payment. In some cases, you may have to pay a deductible before your health insurance plan covers the rest. It is essential to review the details of your plan to understand your benefits.