May 2011 Archives

(This is the second in a 7 part series about Health Insurance Myths, for the first Myth on Prescription Plans, click here.)

For years, individuals and families that couldn’t afford a standard Medical Insurance Plan had a ‘limited’ program available to them and were not considered ‘insurance’. These programs were generally sparse and covered only a handful of needs.

Today’s Limited Liability Medical Programs still do not meet the standards of ‘medical insurance’, but they are more robust and a great alternative to taking care of the basic medical needs that an individual or family may have in any given year.

These programs do not have an enrollment date, a participation requirement and are guaranteed issue. They are portable and generally offer first dollar reimbursements. These plans can be extremely affordable.

Individuals who are fortunate enough to be able to afford standard ‘health insurance’ or are able to acquire insurance through an employer’s benefit plan, may still consider looking into purchasing a Limited Liability Program and raising their current deductible in order to limit ‘out of pocket’ expenses. These can work very well with Health Savings Accounts.

There are also a number of very creative options that can come with these programs including a 24/7 telephone option to speak to a physician. This is great for traveling, midnight concerns and situations that are practically self-diagnosable. These programs also frequently come with some very basic eye and dental benefits.

Solution 2: To limit your your out of pocket expense consider managing them with a Drug Discount card which contains other savings.

To Print out Immediately your Free Prescription Drug Discount Card, Click Here Now.   (Please limit yourself to (2) cards, thanks.)

Independent Purchasing Cooperative, Inc. (“IPC”), the franchisee purchasing cooperative for SUBWAY® Restaurants, has integrated Chequed.com’s ChequedFit5™ assessment to deliver greater hiring success in its 24,000+ locations throughout North America. 

The program, delivered through the MySubwayCareer.com hiring portal, allowing SUBWAY® franchisees to maximize the quality of new hires through upfront assessment of all store level candidates.

It uses Web-based technology to determine which candidates can and will excel as Sandwich Artists and Store Managers. 

“Our franchisees realize that hiring a great staff is the first step in delivering a great customer experience. By integratingChequed.com’s pre-employment selection tools into the new MySubwayCareer.com portal, our restaurants can make faster and more accurate hiring decisions,” said Brian Wheeler, Director of Services for IPC. (Subway® IPC is the Independent Purchasing Cooperative for Subway® franchisees.) 

“Chequed.com’s tools are designed to help companies link hiring initiatives to business results,” said Greg Moran, CEO and Founder of Chequed.com. “We customized these tools to specifically serve SUBWAY® in selecting hires who could make the most impact on the company’s goal to offer the ultimate QSR customer experience.” 

  1. Myth 1 - My Insurance Plan provides me with the best pricing for prescription drugs.

Most Insurance Plans provide adequate coverage for prescription drugs, but many of them use a 90 day mail in orders for maintenance medications. 

Some Plans have negotiated discount pricing with the Pharmacies, and they make their money, if they can convince you to participate in the mail order option.

Some Insurance Plans today still offer a ‘fixed’ co-pay amount for each prescription filled.

The co-pay could be $5, $10 $20 or higher. However not all pharmaceuticals cost what the co-pay amount is. If you are not careful, you could be paying a fixed cost of $15 for a prescription that only retails for $3.

If you have health insurance that provides for prescription drug coverage, chances are that the pharmacy or pharmacies you visit keep your information on file in a computer.

Solution 1: Check your prescription costs effortlessly.

Acquire a prescription ‘discount’ card and ask your pharmacist to keep that information on file as well. When you go to fill a prescription, simply ask the pharmacist to check the cost against both programs and go with the least expensive option.

It costs you little or nothing to have multiple options for the pricing of your medications.

To Print out Immediately your Free Prescription Drug Discount Card, Click Here Now.   (Please limit yourself to (2) cards, thanks.)

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About this Archive

This page is an archive of entries from May 2011 listed from newest to oldest.

April 2011 is the previous archive.

July 2011 is the next archive.

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