Prescription drug plans are a form of insurance offered through some health insurance plans, as well as Medicare (Part D). The patient usually pays a copayment and the prescription drug insurance pays part or all of the balance for drugs covered by the plan. Such plans are routinely part of national health insurance programs or Medicare. Drug type, cost, and whether a generic or brand name is desired, can affect the amount that the plan will pay.
Prescription drug plans often have deductibles, co-payment requirements, and fixed allowance limits on coverage. In addition, your deductible may or may not be integrated into your overall health plan deductible. Some plans are only discount plans, not insurance policies, that can help you save money by offering discounts on prescription costs, but ultimately leave the patient responsible for payment.