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Pharmacy Rebates that Cost You Money

07/14/19

  11:55:00 am, by MedBen5   , 172 words,  
Categories: Cost savings, MedBen Rx, MedBen Rx Advocate, Rebates, Account Management

Pharmacy Rebates that Cost You Money

pill bottle

Many employers get caught up in the promised savings offered by rebate guarantees… but little do they know these guarantees could be costing them money, for several reasons.

The first issue with rebate guarantees is that the most significant rebates are associated with the most significant price tags. So, while you’re receiving a sometimes-sizeable rebate for a drug, your plan may be still paying more for a medication compared to a much less expensive alternative, that doesn’t provide a rebate.

The second issue is that set rebate guarantees generally mean that employers are not receiving the full rebate amount. Their pharmacy benefits manager (PBM) retains a portion for themselves.

MedBen Rx Advocate clients never have to worry about these tactics. Our clients know that the only guarantees offered from us is the lowest net-cost medication is always promoted to their population and any paid rebate is passed back to them at 100%.

If you would like for MedBen Rx Advocate to investigate your pharmacy plan for potential savings, give us a call at 888-627-8683.

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