Insurance Agent Forum

[TristanTLC]

Ok so here's the question for you health experts. Is it possible for someone to purchase a stand alone prescription coverage? And, No, I do not mean a Part D. I mean Major Medical Prescription coverage without the Major Medical.

I have a client that has a medical plan through work, but she has a 750 deductible for RX, and a 30% coinsurance after that. She only pays $35/month for Major Medical at work, (Yes, it really is Major Medical and not a discount plan - I checked) so she does not want to give it up; but she wants better prescription coverage that this plan does not provide.

Any ideas?

The client is located in NC.

[DS4]

I don't know of any fully insured "stand alone" prescription drug plans.
This client wants to buy insurance to cover the $750 deductible?
If there was such a product, the cost would probably be more than $750/yr.

[TristanTLC]

the 750 then the 30% coinsurance.

[somarco]

Stand alone Rx (not PDP) is pure junk. Don't waste your time.

[IAC.Ryan]

Originally Posted by DS4

I don't know of any fully insured "stand alone" prescription drug plans.
This client wants to buy insurance to cover the $750 deductible?
If there was such a product, the cost would probably be more than $750/yr.

This is absolutely correct. To my knowledge, there are not any stand alone RX policies available in NC. And if there were, the premium would almost definitely exceed the $750 deductible.

The next thing to wonder about -if she's concerned with hitting the deductible and getting into Coins - would she even qualify for a plan if it existed?

[Alston]

I agree, this type of policy would fit into the category shared by individual dental insurance policies and optional maternity insurance policies.

Adverse selection = high premiums and lousy policies.

[johndale]

Same here, I haven't heard of any stand alone RX policies that are available in NC.