Inexpensive Meds

Q. I am losing my coverage with my employer and just need something to cover my son’s medication. The prescription runs $120 per month but we have only been paying $10 under our health plan. My husband also takes medication, but his prespription is very affordable. What is available?

A. You are not losing coverage, it is simply changing from a plan that is subsidized by your employer to one where you are expected to pay the full (true) cost of the health insurance. This is called COBRA.

If you are healthy, COBRA is very expensive. If you are not, it is a bargain.

We can cover you & your son for much less than you would be paying with COBRA and he will have full coverage for his pre-ex condition including the meds.

Your husband is another story . . .

His condition & meds, although inexpensive to treat, makes him uninsurable. I understand you can buy his medicine for very little, but the medicine is not the issue. There is a reason why carriers will not insure your husband. Because of what COULD happen while on the medicine, they are unable to assume the risk. If carriers don’t want to buy a potential large claim, that should set off warning bells that maybe you should look at othe options . . . such as COBRA for him while you & your son look at something less expensive.

Trying to pay $30 for meds is no big deal, even if he is out of work. Trying to pay off a $100,000 or more medical bill is tough even if he IS working.

Think about it.

This entry was posted on September 19, 2006 at 10:20 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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