The North American Hardware Association (NRHA) has launched a program to offer retailers an alternative way to get prescription medications at a discounted rate. These savings are made possible by RxCut®, a savings card program that is now available to retailers at no cost.
Last year, according to New Millennium Consultants, Inc.®, U.S. drug spending increased $43 Billion, the highest in 13 years, while the average co-pay increased 34 percent. However, real earnings for full-time, year-round workers were flat during the same time period. The difference between rising health care costs and income discourages people from obtaining the health care services they need. NRHA has decided to step in and offer an alternative solution that helps lower costs while requiring no financial commitment from retailers.
Effective immediately, retailers can download, use and distribute the prescription savings card. No signup, financial commitment or participation in NRHA’s health insurance program is required. Simply download and print the RxCut® savings card. Regardless of primary insurance provider, users of the savings card can present it at the pharmacy when picking up prescriptions for themselves or family members. Sometimes, the RxCut® savings card may reduce rates 50 to 87 percent, while other times, the co-pay offered by health insurance may be the better deal.
“Store owners need to be able to offer any and all solutions to their employees regarding health care costs,” says Bill Lee, president and CEO of NRHA. “The prescription savings card allows us to offer an alternative solution for retailers when it comes to health care costs, and we’re happy to do that.”
The RxCut® card is generated by New Millennium Inc.® in Mount Laurel, New Jersey, and will be distributed to U.S. home improvement retailers by NRHA. For more information about the RxCut® savings card or NRHA’s alternative health insurance options, please visit NRHA’s website.