What if your insurance company doesn’t offer a drug that you want to take?
That could cost you thousands of dollars in medical bills.
A growing number of insurers are offering their own drugs that can be used to treat certain conditions without needing to pay for the medications themselves.
Many insurers are also offering cheaper versions of some of the drugs on the ObamaCare marketplace.
The discounts can help insurers cover more of the cost of drugs that are no longer covered by insurance, and they’re generally much cheaper than generic versions that are covered by other insurers.
The cost of the discount varies by insurance company, but it can range from as low as $20 for a single drug to as high as $800 for a three-drug regimen.
Insurers are not required to offer discounts, but they have begun to offer some discounts in recent months.
“It’s really important that we don’t take this to the next level, that we make sure we’re not going to go to the point where we have to turn away people,” said Sen. Lisa Murkowski, R-Alaska.
The Senate health committee on Wednesday released a report that said insurers have begun offering some discounts, which include some of their cheaper drugs that they don’t currently cover.
In the report, the panel found that some insurers are charging as little as $80 for a generic version of a drug for people with severe or chronic conditions, as low of as $300 for a six-month regimen.
Some insurers are asking their enrollees to pay $50 for a one-year drug plan for a two-drug combo.
And some are asking people to pay as much as $400 for a four-drug plan, which includes a three drugs, for a seven-drug combination.
Insurers are also paying out of pocket for patients who choose to pay more for their prescription drugs, even though some insurers have offered discounts in the past.
Insurer discounts for some ObamaCare drugs can range as low at as $10 a month for a short-acting medication, or as high at as much $150 a month if the patient is under 65.
Insurer discounts have helped insurers keep their ObamaCare plans open, and the number of people who have insurance through an insurer has increased significantly in recent years.