If you take a more than a few medicines and you're choosing a health insurance plan, look closely at each plan's drug benefits. Doing that homework could save you money on your prescriptions for the next year.
Do all health plans cover prescription drugs?
Check the summary of benefits for plans offered by your employer to see if it covers prescription drugs.
Are prescription drug plans the same in every state?
No. All health plans in a Marketplace must include prescription drug coverage, but each state sets the list of covered medicines, called the formulary. For instance, one plan may have many more medicines in one category or class than another state does.
How do I know if a health plan will cover the medicines I take?
Check the plan's formulary, also known as a preferred drug list. You should be able to get this from any health plan you're considering. Sometimes a plan's formulary will be on its web site.
The formulary lists each brand and generic name of medicines that the plan will help pay for. To look for your medicines, you need to know:
- The medicine's exact name
- The dose you take
- How many pills your doctor usually prescribes
What if my medicine isn't on a plan's formulary?
If you can't find your medicine on a health plan's drug list in your state's Marketplace, you can request that your plan cover it or give you access to it.
You can request that your insurer cover a medication not on its formulary with the help of your doctor to explain the medical need. If your request is denied, you have the right to appeal your health plan's decision.