Are skyrocketing prescription drug costs putting a strain on your company and your employees? The Rx Save Card offers a groundbreaking solution that can significantly reduce your prescription drug spending without requiring you to change your Pharmacy Benefit Manager (PBM).
The Secret to Lower Prescription Costs
Did you know that prescription drug cash prices and discount card prices can often be lower than what you’re currently paying through your PBM contract? The Rx Save Card empowers employers to leverage these lower prices, resulting in significant savings for both the company and its employees.
How The Rx Save Card Works
The Rx Save Card unlocks substantial savings in several ways:
- Biosimilar & Specialty Generic Drugs: Access lower-cost biosimilar and specialty generic drugs from Mark Cuban Cost Plus Drug Company. We recently analyzed data for an employer (5,000 employees) that’s set to save over $1 million by having just 30 employees purchase 6 specific drugs from Cost Plus Drugs. Even better, employees who were previously paying over $90,000 out-of-pocket for these drugs will now get them for free.
- Home Delivery for Chronic Conditions: Obtain generic medications for chronic conditions via home delivery from Mark Cuban Cost Plus Drug Company. Many PBMs force you to use their own mail-order pharmacies, eliminating price competition. Based on an extensive analysis of various pharmacies, we’ve found that Cost Plus Drug prices are frequently over 90% lower for numerous medications. Learn more here.
- Retail Pharmacy Savings: Utilize The Rx Save Card’s extensive network of discount cards at over 65,000 retail pharmacies. These discount cards frequently offer lower prices than your PBM-negotiated rates, especially for generic drugs. Our analysis of real companies consistently demonstrates employers saving 30-60% on all retail generic drug costs. The best part? Employees can continue using their preferred local pharmacy!
- Weight-Loss Medications: Purchase weight-loss drugs (GLP-1s) at cash prices, potentially saving 50-70%. Eli Lilly’s recent offer of affordable single-use vials of Zepbound further enhances employer options for affordable GLP-1 coverage through The Rx Save Card.
ERISA Compliance & Peace of Mind
While employers and employees enjoy significant savings, HR benefits leaders and CFOs can rest assured that they’re fulfilling their ERISA fiduciary duties by providing access to the lowest possible drug prices, not just the prices dictated by their PBM.
The Legal Landscape
A recent ERISA lawsuit against Wells Fargo, along with a similar case earlier this year against Johnson & Johnson, underscores the growing importance of offering employees the lowest drug prices available. These lawsuits, which highlight how companies can be held liable for not providing access to lower-cost options like those from Cost Plus Drugs, are likely just the first of many anticipated class action suits against employers for breach of fiduciary duties concerning their health plans.
The Rx Save Card Solution
The Rx Save Card addresses these concerns head-on. It’s a proactive solution that empowers employers to offer their employees substantial savings on prescription medications while staying compliant with ERISA regulations.
Take the Next Step
Ready to uncover the potential savings for your company and employees? Contact us today for a free analysis and discover how The Rx Save Card can transform your pharmacy benefits program.
