Share the Savings WV

Share the Savings WV Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Share the Savings WV, Medical and health, 222 Capitol Street, Charleston, WV.

West Virginia is the first state in the country to require insurance companies to pass along brand named pharmaceutical ...
02/23/2023

West Virginia is the first state in the country to require insurance companies to pass along brand named pharmaceutical discounts - up to 50 percent off in some cases - to patients in the pharmacy counter. There are some requirements:

- You must have commercial health insurance.
- The discount applies only to brand-named drugs and not to generic drugs
- The biggest discount(s) will occur during the deductible period (which usually occurs during.

“The average rebate on a branded drug is 48 percent,” said George Huntley, Diabetes Leadership Council.

Are you getting the discount? Tell us your story at

Your cost of medicines may be going down in West Virginia.

If you have commercial insurance (provided by your business) in West Virginia and you are noticing your brand-named drug...
01/16/2023

If you have commercial insurance (provided by your business) in West Virginia and you are noticing your brand-named drug is costing you significantly less, than we'd like to hear from you. Go to our website and share your patient story.

Your cost of medicines may be going down in West Virginia.

01/13/2023

"The average rebate on a branded drug is 48 percent. So, on average, the general public who is buying a branded drug - not a generic and not a specialty drug - you are paying almost double what the insurance company is paying, if you are in your deductible period, without this Share the Savings plan." - George Huntley, Diabetes Leadership Council

01/13/2023

About Share the Savings WV

Many patients with commercial health insurance are required to share in the cost of their prescription medicines. The cost to patients is often much higher than the cost to their insurance company – for the same medicine on the same prescription. Health insurance companies and PBMs negotiate significant rebates and discounts on the cost of the medicine and don’t always share these savings with patients. The West Virginia law requires them to do so now.

Who Qualifies?

West Virginians on commercial health insurance (employer-provided) who take brand named drugs can benefit from this new law. Usually, the higher the cost of the medicine, the larger the savings. But, typically, patients should see a 35% to 40% reduction on the cost of their qualifying brand medicines. This program can help lower what patients pay out-of-pocket at the pharmacy counter by hundreds of dollars each year.

When should I begin to see the savings?

The legislation went into effect on July 1, 2022. Some people may have already begun to see savings, but typically the larger savings occur during the deductible period, which begins after an insurance plan’s annual enrollment.

What if I don’t see any cost reduction?

Check with your pharmacist to see if you qualify. Those seeing the savings will be on commercial insurance (employer-provided) for brand named medicines. Generic medicines won’t qualify. You will typically see the larger savings during your deductible period.

If you have health insurance from your employer and noticed that your brand-named medicine(s) have been costing less lat...
01/13/2023

If you have health insurance from your employer and noticed that your brand-named medicine(s) have been costing less lately, tell us about it. Go to: www.SharetheSavingsWV.com and share your story.

Your cost of medicines may be going down in West Virginia.

01/13/2023

ALERT: IF YOU HAVE COMMERCIAL HEALTH INSURANCE IN WEST VIRGINIA AND TAKE A BRAND-NAMED DRUG, WATCH THIS VIDEO!!

01/13/2023

Many patients with commercial health insurance are required to share in the cost of their prescription medicines. The cost to patients is often much higher than the cost to their insurance company – for the same medicine on the same prescription. Health insurance companies and Pharmacy Benefit Managers negotiate significant rebates and discounts on the cost of the medicine and don’t always share these savings with patients. A West Virginia law, passed in 2021, requires them to do so now. If you have commercial health insurance and you take brand named prescription medicines, please ask your pharmacists about the discounts. To learn more, go to www.SharetheSavingsWV.com.

Address

222 Capitol Street
Charleston, WV
25301

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