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Employment Traditions Introduces New Rx Card
GRAND RAPIDS — Employment Traditions reports it has introduced a new prescription card program whereby certain of its PEO clients can offer a prescription drug discount benefit.
According to Patrick Montgomery, CEO of Employment Traditions, the discount program is available to PEO co-employers that use Blue Cross Blue Shield (BCBS) Insurance to offer prescription drug coverage benefits.
The firm explains that the extent of the discount hinges upon the level of premium that the employer chooses to pay.
But Employment Traditions also stresses that even if the employer decides to pay only the minimum premium required, the program still will offer prices discounted below their existing BCBS prescription coverage plans.
“It’s a lower cost for the same benefit,” Montgomery told the Business Journal
Currently, he said, the program potentially could involve 750 to 1,000 PEO employees working in firms with staffs of 25 to 50 people.
He explained that the new prescription coverage is available through the Amerikind Pharmacy Network, but the employees’ prescription cards would carry the Employment Traditions company name and logo.
He said Amerikind is able to cover the discount because its network is large enough to have the effect of giving it large-group discounts.
Montgomery said the card will be available to PEO clients which have their employees currently enrolled in BCBS insurance. Employment Traditions says its program can replace the BCBS prescription program without altering the health insurance coverage that affected employees already receive.
Employment Traditions says its program will provide prescription participants with a less expensive alternative to their BCBS prescription coverage, while still providing comparable benefits.
Montgomery said the Employment Traditions card will be honored at more than 54,000 participating pharmacies, and prescriptions will also be available by mail.
“We wanted to offer our clients an opportunity to provide their employees with an economical way to participate in a prescription card program,” Montgomery said.
“There is minimum difference between the Amerikind program and the BCBS program it replaces, as far as what is covered and where the cards are accepted,” he added
“The Amerikind plan, however, allows the employers to decide what level of premium they are comfortable with, which makes it more appealing to companies trying to find ways to offer prescription coverage to their employees at affordable rates.”
The new Employment Traditions prescription card became available to the company’s PEO clients on New Year’s Day.