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Pharmacy Rebates that Cost You Money

07/14/19

  11:55:00 am, by MedBen5   , 166 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 this could actually be costing them money, for several reasons.

The first issue with rebate guarantees is that the most significant rebates are associated with the highest cost drugs. So, while you’re receiving a sometimes-sizeable rebate, your plan is still paying more for a medication than it would have for a much less expensive alternative without 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 that the lowest net-cost medication is always promoted, 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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