If you are lucky enough to afford a decent medical insurance plan, you might never think about a prescription drug’s price. After all, your insurance has you covered, right? All you need to do is pay your designated copay on prescriptions when filling your order at the pharmacy and sleep easy knowing your insurance is working for you.
Unfortunately, paying your copay on prescriptions might not be in your best interest. In many cases, you, the patient, end up paying more than you need to with your insurance prescription copay than you would without it. In other words, you’d be better off if you just paid cash!
To help you better understand why this is, it’s important to understand just what a prescription copay is.