ObamaCare plan details have been revealed over the 2nd half of this year. A lot of studies have been conducted and articles written on the impact this new law will have on the costs of health insurance. Most of this coverage focuses on the cost of the monthly plan, but much less coverage is being focused on the out-of-pocket costs that people will have to deal with.
Obamacare Plan Details Have Been Revealed
An analysis from HealthPocket of the various health insurance rate filings for Obamacare plans finds that consumers who choose the lower cost Bronze Obamacare Plans and Silver Obamacare Plans under the Affordable Care Act (aka “Obamacare”) will likely be paying more for prescription drugs than they do now. Compared to similar existing individual and family plan copays and coinsurance costs, consumers with prescription drug coverage can expect to pay an average of 34 percent more out of pocket for these medications if trends continue.
The Average Prescription Drug Co-Payment Out-of-Pocket Costs Will Increase under Obamacare Plans
Most alarmingly, the average co-payment for generic drugs under the ObamaCare Bronze Plans, which many of the currently uninsured and underinsured will be purchasing, is $19. Many, many of these drugs will be available for a lower cost, however, using Discount Drug Network’s Prescription Discount Card. If you are the new or soon-to-be proud owner of an ObamaCare Bronze or Silver plan, you’ll need a Prescription Discount Card so you can reduce your out-of-pocket expenses on prescription medications.
How Do Prescription Discount Cards Work?
Looking for more information on Prescription Discount Cards and how they work? Check out Discount Drug Network’s “How This Works” page for more information.