How can I provide my employees with a comprehensive, yet cost-effective prescription drug plan?

Liza Bugar
Account Executive, Employee Benefits

Communicate with employees on cost-saving ideas that they can use both at the doctor’s office and at the pharmacy:

Special Authority. Ensure employees are aware of Fair Pharmacare and the Special Authority plan.  Encourage them to sign up for Fair Pharmacare and if they are taking any expensive medications, to discuss Special Authority coverage with their doctor to see if the drugs can be covered.

Generic Drugs. Many people feel that a brand name drug is “better” than a generic drug; however, generic drugs provide the same therapeutic benefits as brand-name drugs – usually at a lower cost.

Dispensing Fees. These and drug costs vary from pharmacy to pharmacy.  In Canada, dispensing fees can range anywhere from $4 – $16 per prescription filled.  Set up a deductible for prescription medication that is equal to the dispensing fee.  This will encourage employees to shop around for a lower fee.

Recurring Prescriptions. In order to save on dispensing fees, recommend that maintenance medications be dispensed in three-month supplies.

Most people have no idea how expensive benefit plans are.  By educating employees, making them aware of the costs associated with the plan, they may think twice before getting a brand name drug or filling their prescription at a pharmacy with high dispensing fees.

By having the employee play a role in their drug plan,
it now becomes partly their responsibility.