Does using generics vs. brand-name prescription drugs really make a difference?
Yes. Of the medications prescribed to Lewis & Clark College participants, over 50% had generic equivalents available. Participants chose generic drugs 90% of the time, thus helping to contain premium increases. Comparatively, the average cost of a generic drug is $32; “preferred” brand names are $56; and $100 for a “non-preferred” brand-name drugs. • Besides using generic drugs and signing up for mail order, how else can I save money on my out-of-pocket benefit expenses? You can use pre-tax money for your co-pays on medical, dental, vision care and prescription costs through the HealthCare Spending Account. This includes deductibles and costs for alternative health care. Click HERE for more information on the Health Care Spending Account. Back to the top Costs: • How much does the College pay for employee benefits? In addition to a large percentage of medical and dental premium costs, the College also pays the full premiums for the group Life and AD&D, Long-term Disability, Employee As
