If you’re new to personalized medication, welcome to Belmar Pharmacy!
You probably have questions about your prescriptions, including how you might pay for them. First of all, did you know that every Belmar customer has access to our expert pharmacists and technicians who are dedicated to answering your questions and counseling patients about compounded medications?
Call the pharmacy to speak with our team, or click here to send a message to a Belmar pharmacist. Please note: This is a secure form. However, please do not send any private health information.
As for options to cover the cost of your medication, we asked Rachel Haggard, PharmD, Customer Experience Center Pharmacist Manager at Belmar Pharmacy in Colorado, to help us answer the most common questions about insurance and ways to pay for your compounded prescriptions.
Q: Does medical insurance cover the cost of my compounded prescriptions?
A: As a compounding pharmacy, we do not bill your insurance. Most insurance companies do not cover custom medications since they are tailored specifically to an individual patient’s needs. Unlike commercial medications, compounds are not mass-produced as a one-size-fits-all formula. Instead, your provider is able to customize the dose you need in the form you need – such as a capsule, troche, fast-burst sublingual tablet, cream, gel, or even an injectable medication.
While in most cases, insurance doesn’t cover the cost of compounded medications, you, the patient, have the advantage of getting the specific dose and form you need for your individual health conditions. For many patients, compounded medications help improve their quality of life, so making them part of your monthly or yearly healthcare budget just makes sense.
Q: Can I use my HSA or FSA to pay for compounded medications?
A: Yes. If you have a health savings account (HSA) or a flexible spending account (FSA), you should be able to use these tax-advantaged savings accounts for healthcare expenses, including personalized medications. Additionally, depending on your prescription (i.e., it’s not a controlled substance), you may be able to get a 30-, 60-, or even 90-day supply of medication that you pay for with one convenient payment, making it easier on your budget. .
Stil have questions? We’re always happy to help. Get in touch with a Belmar pharmacist.
