Online Pharmacy Provides Direct Relief for Rising Prescription Costs under Medicare Part D

By Lalit Dhadphale, CEO of HealthWarehouse.com

Nov 04, 2015, 14:03 ET from HealthWarehouse.com

FLORENCE, Ky., Nov. 4, 2015 /PRNewswire/ -- As open enrollment for Medicare Advantage kicks in to full gear this month, seniors will need to research, evaluate options and decide which plan is best for them. With drug prices continually on the rise, this could be a timely and costly decision.  HealthWarehouse.com is often times between 60-70 percent less in price than the average retail pharmacy cash price charged to consumers.

By using an intuitive online pharmacy such as HealthWarehouse.com, seniors can order prescriptions online, have them delivered to their homes and save money without insurance. HealthWarehouse.com's drug formulary includes the most commonly prescribed medications at prices below the typical copay or prescription premium.

The necessity to shop for the best prescription drug prices is a growing reality for those with health insurance, especially those enrolled in Medicare Advantage plans.  In advance of the premium hikes taking effect in 2016, we have increased our drug catalog to over 3,000 medications with affordable prices to provide an easy and cost-effective option.

Five of the top prescription drug plans will see double-digit premium increases next year. According to Avalere Health, an advisory company focused on healthcare business strategy and public policy, the average prescription premium for Medicare Advantage enrollees will be over $40 per month, starting in 2016, for the first time in the program's history. More than 15 million people enrolled in the top 10 Medicare Part D prescription drug plans will experience average premium increases of 8 percent in 2016. The top 10 plans account for more than 80 percent of enrollment in Medicare Advantage plans. 

HealthWarehouse.com is the only VIPPS accredited online pharmacy licensed in all 50 states and is providing much needed relief to Medicare Advantage consumers who are experiencing increased out of pocket costs for medications. 

Lalit Dhadphale co-founded HealthWarehouse.com in August 2007 and launched the company's prescription drug business in 2008. He has been President and CEO of the company since its inception and has served as Chairman of the Board of Directors since May 2009.

CONTACT: Nicole Conley, 1-831-713-9076, nicole.conley@taniscomm.com

 

SOURCE HealthWarehouse.com



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