MightyRecruiterPrescription drug benefits refer to getting a specific option under a company’s health insurance coverage that allows individuals covered by the plan to get any prescription medication needed. People who have this coverage will need to pay an annual deductible and monthly premium in order to take advantage of the benefits, and people will need to pay a co-pay for any individual prescription. The need for a prescription drug benefit plan came into being due to the progressively complex nature of the medical industry and the increasing reliance on prescription drugs. Anyone who gets this plan under the Medicare Advantage plan has the option to get additional medical expenses covered as well.
Related Terms
Legal Disclaimer
The content on our website is only meant to provide general information and is not legal advice. We make our best efforts to make sure the information is accurate, but we cannot guarantee it. Do not rely on the content as legal advice. For assistance with legal problems or for a legal inquiry please contact you attorney.