Prescription Costs are Broken.
We're fixing them.
RxSaveCard empowers employees to pay directly for their medications at over 65,000 pharmacies. This simple solution is the perfect companion to your existing pharmacy benefits, offering an additional way to save on prescriptions without having to change your Pharmacy Benefits Manager (PBM).
How the RxSaveCard Works
.01
Pharmacy Selection
Employers choose the pharmacies where they would like to enable RxSaveCard for employees to purchase “cash” priced prescriptions.
.02
Set Spending Limits
Employers choose the maximum dollar amount they would like to allow for each pharmacy type.
.03
Employee Cost Share
If employers choose to have employees share in the cost, employees are prompted to add a personal funding source when they activate their RxSaveCard.
.04
Seamless Payment
The pharmacy charges the full cash price at check-out. RxSaveCard pulls the employer funds up to the maximum amount allowed, with employee funds paying any remaining balance.
Challenges in Existing Marketplace
- ERISA Compliance: When lower prices exist, employers have a Fiduciary obligation to access those prices for the Benefit Plan and for the employees.
- Limited Choice: Traditional pharmacy benefit plans often restrict consumer choice instead of encouraging competition.
- Opaque Pricing: Lack of transparency, with markups and fees that drive up the cost of certain medications for employers and employees.
RxSaveCard: The Solution
- Cash Price Savings: Employers leverage the lowest cash discount price for medications, saving 40% - 60% on many common prescriptions.
- Freedom of Choice: Employees can choose from over 65,000 pharmacies they prefer, whether in-person or online, giving them flexibility and convenience.
- Transparent Pricing: With RxSaveCard, employers and employees pay the pharmacy directly, eliminating any PBM hidden fees or markups.
RxSaveCard + Your PBM = The Complete Rx Benefits Package
Cash prices and discount card prices are often lower than what is available through traditional pharmacy contracts. RxSaveCard allows your company to access these lower prices, saving money for your company and your employees, without having to change the structure of your current PBM.
Frequently Asked Questions
Employer’s can set the maximum amount they want available to employees on their card each month. A $25 monthly allowance would mean that most generic drugs are free for employees. Many drugs will cost less than $25, so the employer only needs to replenish employee accounts for the amount that was spent the previous month. For GLP-1’s, a $400 subsidy would cover the cost of most options available through the cash market today.
Employers can select the pharmacy types where the RxSaveCard can be used by their members; including over 60,000 retail and home delivery pharmacies.
The RxSaveCard complements your existing insurance plan. It works as a first line of defense, checking for lower cash prices before your insurance benefits kick in. If the cash price is lower, the card is used; otherwise, your regular insurance coverage applies. It’s a seamless way to maximize savings without changing your current plan.
No. Another great feature of the RxSaveCard is that it works separately from your PBM. Since RxSaveCard purchases bypass the PBM, you don’t have to change your current contract or PBM.
Yes! The RxSaveCard can be used to purchase weight-loss drugs at cash prices, which offer savings of 40 – 60%. Not only do these purchases cost less, employers can subsidize a portion of the drug cost for their employees through RxSaveCard.
A landmark lawsuit was filed in February 2024 against an employer for overpaying for prescription drugs through their PBM contract when lower cash prices where available. RxSaveCard addresses the core issue of the lawsuit ensuring your employees have access to the lowest cash prices – not just the prices offered by your PBM.
Yes! Some of the largest savings opportunities are for expensive “Specialty” drugs that have biosimilar and generic options. Savings can exceed 90%, with many prescriptions costing thousands of dollars less through Cost Plus Drugs than through your PBM.
