Sarasota, FL (PRWEB) January 18, 2010 -- Armed with the “first major innovation in 15 years in the free drug discount card industry,” Genuity Group Healthcare today announced the national rollout of the BetterRxCard Group Advantage Program. “For the first time employers, health insurance brokers, organizations of all kinds have a free discount drug card and co-pay cost reduction program that may be offered directly to employees, members and customers that will save hundreds of dollars,” said David Smith, product marketing director for Genuity Group.
The program addresses two major situations facing the 59% of Americans with monthly a monthly drug expense: instances when insurance is not available for a particular drug, and when the patient has a high co-pay cost they would like to try to reduce. “Most drug insurance plans come with an exclusions or non-formulary list leaving the employee on her own to pay for the prescription. On the other hand, if the drug is covered by insurance, then a high co-pay cost is not unusual. Now employers and health insurance brokers have an option that covers both,” Smith said.Introduced in 2009, the free BetterRxCard provided the first new advancements in free drug discount cards in 15 years, including a patent-pending tool that can reduce co-pays. The service provides average discounts between 30% --40% at nearly 60,000 participating U.S. pharmacies. Users of the co-pay reduction option recently saved an average of $893 per year.
“Our health plans provide a broad range of coverage for prescription medication, but there are still some drugs that aren’t covered. The BetterRxCard can further help our employees and plan members save money,” said Alicia Adams, compensation and benefits manager at PGT Industries (NASDAQ: PGTI) in Nokomis, FL.
The BetterRxCard Group Advantage Program is a perfect fit for Self Insured Plans, LLC. “The program can offer tangible prescription drug savings for our nationwide member-base, even those we serve in Hawaii,” said Steve Rasnick, president of the Naples, FL-based comprehensive benefits management concern.
The Group Advantage Program provides co-branded BetterRxCard pages and supporting files that easily incorporate into any web site. Revenue sharing, reporting, and access to important tools are just a few of the program attributes available to partners.
There are hundreds of very popular drugs that are typically excluded from the health insurance formulary. Some major examples include Synthroid, Tricor, Nexium, Viagra, Micardis, Cozaar, Altace, and Boniva among many others. These drugs encompass dozens of common conditions including, mental health, high blood pressure, high cholesterol, heart medications, acid reflux, diabetes, fertility, weight loss, pain and, arthritis among others.
For more information on BetterRxCard Group Advantage Program contact Genuity Group at 866.977.3637.
About Genuity Group: Headquartered in Sarasota, FL, Genuity Group is a family of companies whose clients include nationally recognized health care organizations, leading financial institutions, government entities and expanding enterprises. Through management consulting and innovative technology services, Genuity helps organizations align the right technology, processes, and people to improve performance, and achieve meaningful goals.