OKLAHOMA CITY - Our In Your Corner team investigates prescription discount cards that promise to save you big money!
Several cards are popping up in mailboxes across the metro.
They're free and claim to save you up to 75% on your prescription drugs at pharmacies across the country.
We had local pharmacist, John Blomgren, put the United States Prescription Discounts card to the test.
“I have no idea where they're getting these numbers,” he said.
Blomgren chose a prescription at random and then applied the discount to it.
He said, “I ran it and the co-pay on it was $342 dollars and my cash price was $344.”
In this case, the card would have saved a cash paying customer about $2.50.
That's a mere one percent savings.
“But on most prescriptions it actually comes up higher, where the co-pay is higher than my cash price,” Blomgren said.
The company behind this card is Script RX Relief LLC in New York.
On its website, it boasts $4 million of its cardholders have saved more than $275 million.
Here's the In Your Corner bottom line.
- Drug discount cards are not insurance!
- Not all pharmacies accept them.
- If you already have insurance or receive federal assistance, it's likely you aren't even eligible for the card.
- If you do qualify, there's a good chance they won't save you money!
“The gimmick is on the back end,” Blomgren said. “You don't know what information is being sold to someone else.”
Some card marketers will collect personal information on people who use their discount card.
“Those prescription insurance companies, they take all that information,” Blomgren said. “They get rebates from manufacturers.”
- Shop around for medications before using a discount card.
- Find a pharmacist you trust.
- Some pharmacies will offer assistance programs that might provide even deeper discounts.
Some of these drug discount cards also come with a letter that resembles an IRS tax form.
These mailings are in no way tied to the Federal Government or its Affordable Care Act.