Reduce Your Annual Drug Spending & Save Your Employees TIME and MONEY!
With today’s healthcare reform, employers are struggling to find affordable solutions to offering prescription drug benefits for their employees. M&S Pharmacy extended day cash plan is designed to save your employees hundreds on expensive co-pays and deductibles on generic medications, as well as help you reduce your annual drug spending.
M&S Pharmacy helps protect employers like you from Pharmacy Benefits Managers (PBMs), who greatly mark-up prices on generic drugs and bill you for the ‘ingredient costs,’ a non-sense term meant to confuse you. When your employees use M&S Pharmacy, it’s a private transaction between us and them, and you don’t file a claim with the insurance. You are not charged for the prescriptions drugs and your employees save significant time and money.
For example, when submitting a claim, a one-year supply of generic Plavix® (Clopidogrel) 75mg #360 costs you $600 and the employee has a co-pay of $120. With M&S Pharmacy, a one-year supply of the same drug eliminates any charge to the employer and only costs the employee a one-time cost of $70.
Some employers are introducing our extended day cash plan as part of their open enrollment and have already noticed cost savings. Refer your employees to M&S Pharmacy and make a positive change to today’s reform!
Get your employees on board with M&S Pharmacy. Call 936.564.7373
Pharmacy Benefit Managers
Pharmacy Benefit Managers are third-party administrators who manage prescription drug plans from employers “plan sponsors”. There are approximately 76 PBMs administering prescription drug plans for more than 215 million Americans. The prescription industry is complex and highly technical – with PBMs connecting plan sponsors, pharmaceutical manufacturers and pharmacists. While PBMs can provide industry knowledge to plan sponsors, how they operate is often unclear. For example, PBMs negotiate with pharmaceutical manufacturers to set prices for drugs; they also may negotiate rebates for using certain drugs – information that is not publicly available. Due to the lack of transparency, PBMs practices have been the subject of investigations and lawsuits.