[1]In updating the Quizzle information last week, Bill from Quizzle left a great comment [2] about Quizzle’s free credit report and score. Thanks, Bill!
My goal is to impart accurate information. If I find errors or changes to posts I have written, I will write an update to that post. Thanks for the mini break.
Back to our filing system [3], we will move on to the fifth category: prescriptions. This short 2-part series will explain the documents housed in this single file opening.
Prescriptions
- Paid Prescription Coverage
- Free Savings Cards
Summary Page
The first document in my seventh file opening is our summary page [4]. The basic information is the same with the benefit administrator’s contact information, policy numbers, and provider numbers included. In case our insurance cards are lost or stolen, I can quickly contact the administrators to report the incident.
Paid Prescription Coverage
Knowing how fortunate we are to have affordable prescription coverage, we keep the following documents in this file:
1. Drug Plan Booklet. This pamphlet explains our benefits from using direct mail over retail pharmacies to prior authorization guidelines.
2. Correspondence. Our provider issues an updated preferred drug list each year which I keep for reference.
3. Prescription Member Guide. This booklet lists name brand drugs and parallels their generic counterpart. This guide is helpful for doctors to see what our insurance deems an acceptable generic substitute for the name brand version.
4. List of In-Network Pharmacies. When choosing a pharmacy, I use an in-network provider. Though I can use whichever pharmacy I choose with our PPO (Preferred Provider Organization), I will pay less out-of-pocket if I use an in-network provider. This list is helpful if I need a prescription and my usual pharmacies are out of stock.
This file is small because I only keep the most recent documents tucked inside. When I get the new member guide, I toss last year’s version. In keeping only the documents I need, this file remains compact.
NOTE: I know some of you do not have prescription drug coverage due to the cost to carry this benefit. If this is your situation, then hang on. Next week, I will share some free savings cards that you can use at pharmacies across the United States to lower your out-of-pocket expenses. Just because you cannot afford prescription coverage does not mean you need to pay full price. 🙂
As you file your insurance documentation, adjust your categories to meet your needs. In using time wisely, staying organized will save you money, energy, and time. Go at your own pace, but keep filing. Happy organizing!
Question: What is the most you have paid for a prescription?