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Terms to Know in Your Prescription Insurance

Terms to Know in Your Prescription Insurance

Insurance policies can contain numerous jargons that can confuse you. Especially if this is your first time getting commercial prescription insurance, it’s better to learn what these insurance terms are before making your purchase at the nearby pharmacy in North Carolina.

Here are some of the common terms to pay attention to before you get that prescription insurance to cover your purchase for your next pharmacy visit:

  • Deductible
    The term deductible is an insurance-related term that refers to the portion of the prescription costs they have to pay before their insurer pays.
  • Premium
    Premium is another insurance-related term that refers to the fees the policyholder has to pay. This payment will ensure that the policyholder is covered by the insurer. Depending on the policy, this fee will either be paid monthly, quarterly, semi-annually or annually.
  • Copay
    Some prescription plans will require a copay. Copay is the set amount that the policyholder has to pay towards their prescription.

While your insurance agent may explain these things to you thoroughly, you may also ask the pharmacist at the nearby independent pharmacy in Huntersville, North Carolina for more information about prescription plans and how they can apply to the pharmaceutical products you need.

Lakeside Pharmacy is a trustworthy retail pharmacy you can visit for your pharmaceutical needs. For further inquiries, please call us.

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