Check out this insightful interview with our CEO, Chris Crawford, featured on the BenefitsAlly 3x3x3 Challenge! The 3x3x3 Challenge is a quick and informative video format where industry partners answer three key questions using three slides, all in under three minutes. In this concise interview, Chris shares valuable insights on how the Rx Save Card can optimize pharmacy benefits and reduce prescription drug costs for employers, without the need to change your PBM. The key questions covered in this 3x3x3 Challenge are:
- What is the Rx Save Card?
- How is it different from other solutions?
- Who is the ideal fit for the Rx Save Card?
Watch the video now and discover how the Rx Save Card can revolutionize your employee benefits plan!
1. What is the Rx Save Card?
The Rx Save Card is the ideal solution for self-funded employers with traditional PBMs. It addresses the growing concern of employees noticing lower cash prices for medications through discount cards or platforms like Mark Cuban’s Cost Plus Drugs. The Rx Save Card bridges this gap, allowing employers to access these lower cash prices and pass the savings on to their employees.
2. How is the Rx Save Card Different?
The Rx Save Card stands out by offering unparalleled flexibility. It grants employers consolidated access to a variety of cost-saving options:
- Cash Prices: Tap into lower cash prices offered by platforms like Mark Cuban Cost Plus Drug Company, where generic drugs can be up to 90% less expensive. Learn more about Mark Cuban Cost Plus Drug Company savings here.
- Retail Discounts: Automatically pull the best prices from over 10 different discount cards at retail pharmacies. Employees get the same medication they’re used to, often for free, while employers see a 30-60% reduction in generic drug spending.
- Manufacturer Direct: Access medications offered directly by pharmaceutical manufacturers on their websites, often at significantly lower prices than through PBMs. For example, there is a popular GLP-1 drug that’s offered through Eli Lilly’s website that is about 50 to 70% less than what is paid through a PBM. Learn more here.
3. Who is a Good Fit for the Rx Save Card?
Any self-funded employer with a traditional PBM can benefit from the Rx Save Card. It’s a perfect complement to your existing benefits plan, helping you fulfill your ERISA fiduciary responsibility while saving money for both your company and your employees.
With the Rx Save Card, employers have full control. You can select the pharmacies where the card is accepted, set spending limits, and enable automatic price checks for a seamless experience. Employees simply present their RxSaveCard, and the best price is automatically applied.
Learn More
If you’re ready to explore how the Rx Save Card can help your company, contact us today for a personalized savings analysis.
