Minnesota Discount Pharmacy to Offer Self Insured Businesses a 'Non-insurance' Prescription Insurance Program

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MedSave Discount Pharmacy, a Minnesota company is offering a one of a kind "non-insurance" insurance plan to help companies that self insure save money on prescriptions for their employees. MedSave has several large companies interested and will be taking enrollment on October 15th, 2006.

We have had a few competitors boast about being lower on their prices, but to succeed in the long term you need to offer the best price combined with top notch service. You will always talk to a live person and our pharmacists are always available to talk to the patient. Not many pharmacies can say that. MedSave Discount Pharmacy offers the best of both worlds

Effective on October 15th, 2006, MedSave Discount Pharmacy will be starting a new program. It will help companies that self insure save money on their annual prescription costs. In fact with our new “non-insurance” insurance program, companies that self insure for their prescription benefits or do not offer insurance will save an estimated 25% and maybe as high as 50% on the annual medication costs for their employees. Currently with typical self insured programs, the employee has a prescription card, they go to an overpriced pharmacy, pay an over priced co-pay then the company has to pay management fees and other additional fees, plus the rest of the cost of the medication. Our program will be a mail order program and be 100% flexible to the company’s needs. We would be able to set up programs where MedSave would go through and help the employee save money by offering a 100 day supply for a co-payment similar to what they may be paying for a 30 day supply. MedSave would then bill the company what the actual cost of the medicine is after the co-pay plus give the company not the PBM a 2.00 bonus per prescription. So the employee saves on the co-pay, the company saves by getting the very best prices with no management or added on fees. It is a simple program that will help companies offer better benefits to the employee with up to 50% less in cost to what they have paid in 2006. If you are a company that is self insured, this program is the easiest way for a company to hit their healthcare budget in 2007.

MedSave Discount Pharmacy opened their doors on February 18th, 2004 in New Hope, MN and December 6th, 2004 in Duluth, MN. “We were the first cash concept discount pharmacy to venture into Minnesota, and now we will be the first to offer a company program for self insured companies.” stated Sean Kacsir, President of MedSave Discount Pharmacy.

MedSave Discount Pharmacy not only has the best prices, but also offers a free service to go through a patient’s medication list and figure out different ways to save money that they may not be aware of. “We have had a few competitors boast about being lower on their prices, but to succeed in the long term you need to offer the best price combined with top notch service. You will always talk to a live person and our pharmacists are always available to talk to the patient. Not many pharmacies can say that. MedSave Discount Pharmacy offers the best of both worlds,” states Kacsir. MedSave Discount Pharmacy is the only discount pharmacy to have the support from the Senior Federation of Minnesota, Wisconsin Coalition of Aging and the United Seniors Action of Indiana.

To fill your prescriptions from MedSave Discount Pharmacy, you may bring a prescription to the store, have your doctor call in your prescription or simply call MedSave Discount Pharmacy and our pharmacist can transfer your prescription from your current pharmacy. Another added benefit to the company is that with this program, MedSave Discount Pharmacy is offering free shipping up to 1 pound in weight. That way the employee pays a lower price and receives the prescription at their home. Other chain pharmacies can be open 24/7, but having a medication come directly to your mailbox in 2-5 days is as stress free as it gets.

About MedSave Inc.

MedSave Pharmacy Inc. is a company that was founded in 2004. Medsave has plans to open 4 additional stores within the next 2 years. Contact: Sean Kacsir President; 763-300-7155, or visit their website at http://www.MedSaveDiscountUSA.com.

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Sean Kacsir
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