This year, my employer changed to a high-deductible plan to help maintain some sense of sanity with our health insurance premiums. Because my wife and I both need maintenance prescriptions to live, we began to learn how to manage deductibles and to work to keep our health-related expenses to a minimum. So I found places like GoodRx and others that help you with the cost of your medicine.
We recently exceeded our deductible and now pay 10% of the costs. So I was surprised when the cost of my Crestor was $30. You see, the cost of the Crestor before the deductible had been met was around $225 or less. I didn’t remember exactly what it was, but since I was paying more like 15% instead of 10% I thought I’d check.
GoodRx showed the drug as costing $227 at my local neighborhood Walgreens, in Collinsville, OK. This did require that I use a free coupon. So I decided to go back to Walgreens and offer them the coupon to reduce the burden on my insurance company. I was intrigued that the coupon would be worth $49. It seems a bit steep.
When I got back there, I was told that the $227 price was only if I was paying the bill. If they bill the insurance company, they bill $276. Interesting.
What do you think? Would you continue to support a business that charged your insurance company 20% more for the same drug? Would you continue to support an insurance company or vote for elected officials if they suggest that 20% is a fair price to pay for the insurance overhead, in addition to premiums? I’d appreciate your opinions below, assuming they’re civil.
You can also go here and tell Walgreens what you think. Feel free to refer to this article too. I don’t think my insurance company should pay the extra $50. I don’t care what you think about insurance companies. They don’t print the money they pay Walgreens. They collect it from us.
Note: In the end, Walgreens wasn’t charging more to the insurance company. When I got to the bottom of it, they were doing the right thing and I still use this store for my prescriptions.