RxSaveCard
About RxSaveCard
RxSaveCard helps employers reduce prescription costs by enabling employees to pay directly for medications at over 65,000 pharmacies. The company’s mission is to revolutionize pharmacy benefits through transparent pricing and direct savings, offering an alternative that complements existing Pharmacy Benefits Managers (PBMs) without requiring employers to change contracts.
How RxSaveCard Works & Benefits
RxSaveCard routes purchases to cash or discount prices when they are lower than insured prices, allowing employers and employees to access significant savings (commonly 40%–60% on many prescriptions). Employers control where and how the card is used by selecting participating pharmacy types and setting monthly spending limits. Employees can be prompted to add a personal funding source if employers choose cost sharing.
- Cash Price Savings: Access to lower cash or discount prices that can drastically reduce drug spend for employers and employees.
- Flexible Pharmacy Choice: Use at tens of thousands of retail and home delivery pharmacies to give employees choice and convenience.
- Transparent, PBM-Complementary Model: Purchases bypass PBMs so there are no hidden fees or markups; the solution works alongside existing insurance plans.
- Employer Controls & ERISA Alignment: Employers set spending caps and pharmacy eligibility, helping meet fiduciary duties by enabling access to the lowest available cash prices.
RxSaveCard positions itself as a practical, compliance-aware tool for employers seeking immediate, transparent prescription savings while preserving existing benefit structures.