Uninsured and Underinsured: Liabilities in Healthcare

An insurance claim formAn uninsured person does not have any health insurance coverage. An underinsured person, on the other hand, has health insurance coverage yet it’s still not enough to cover their healthcare expenses. In the case of acquiring prescriptions, underinsurance refers to the patient’s failure to obtain their prescription because of the cost. To meet the prescription needs of insured and underinsured individuals, some companies that make the required drugs help in paying for them.

However, some people do not meet the requirements of such programs, prompting the need for Patient Assistance Programs like those offered by Rx Solutions. Such programs help some patients qualify for pharmaceutical assistance.

Want to know how you can lower prescription costs? Here’s a guide:

Sign Up for Patient Assistance Programs

As mentioned, some patient assistance programs are available for people who are “citizens and residents of the United States, have no prescription insurance coverage, and have an income under 200% of the Federal Poverty Level.” The final approval for such programs depends on the drug company. While monthly service fees are required, expenses saved in the approved medications usually make up for the fees.

Choose Generics

Switching to generic drugs is not done without the advice of the doctor. Both branded drugs and generic drugs meet the FDA standards in quality. While it is true that generic drugs are cheaper, some branded drugs for seizures, thyroid hormone problems, or heart arrhythmias are preferable. This is because these illnesses need to be medicated under narrow therapeutic indices (NTI). Going beyond or under such index will cause harm to the patient.

Despite government reforms in healthcare that target program recipients, about 25% are still underinsured. As such, between being underinsured and being sufficiently insured, these programs still have significant gaps to fill.