Redstone Federal Credit Union Offers Free Prescription Discount Card To Help With Rising Drug Costs

HUNTSVILLE, Ala. (WHNT) –Leaders at Redstone Federal Credit Union have found members almost universally value three things.  President and CEO Joe Newberry lists them with a grin, “Family and friends, their health, and then money.  Maybe not in that order, but hopefully that’s the order they’re in.”

One extra card for your wallet could help with all three.

The project sprang from the heart of another Redstone executive.

Newberry shares the story, “One of our executives that’s in the Huntsville Leadership, he went, and they did Health Day. He came back and said, ‘We’ve got to do more to help our members, because a lot of people are paying a lot of high dollars for prescription drugs.'”

With members and really just people in mind, an idea formed for a new service.

Newberry explains, “We partnered with Healthcare Alliance, which provides pharmacy cards, it’s not an insurance, that will save our members or non-members anywhere from 50-70% off of their prescriptions.”

You just hand the card over at almost any major pharmacy, and they’ll apply the discount.

As far as getting the card, you can walk into any Redstone Federal branch.  The cards are sitting right on the counter.  You just pick one up.

The company that runs the card gets discounted prices based on the amount of involvement they have with pharmaceuticals.

Redstone Federal just makes it easy to get yourself one here in town.

It’s worth noting this doesn’t replace insurance, and it might not save you huge on prescription drugs if you have insurance already.

Still it could help a family member or friend.  It could benefit your health. And it could save some money.

They’ve already tested them.  Before they started handing out these cards to the public, Redstone Federal Credit Union employees gave them out to friends and family.

Newberry saw results first hand, “Even my own brother, I gave it to him.  He gave it to his nextdoor neighbor, and it saved him about 50% of that prescription that he was paying.”

It came to over a hundred dollars in one trip.

Employee Jade Reardon took a card and passed it along to her family.

On her next trip to the pharmacy to pick up some monthly medication, Reardon’s aunt saved a hundred bucks of her own.

Reardon says, “It was phenomenal for her, because she’s definitely on a tight budget, and this is something that she has to have.”

So now Reardon offers advice, unprompted, to friends, family and coworkers, “Go get the card.  It may or may not work.  She saved a hundred dollars, so it wouldn’t hurt to try it.”

7 comments

  • Mark Richards

    This story leaves more questions than it answers! Who sponsors the card? What pharmacy’s honor the card? How does it work with insurance that folks may already have?

    Just telling us that people use it and in some cases save money sure makes your audience out to be a bunch of simpletons. Can’t you do any better than that?

  • Kevin Camp

    As many of you may not know, these cards do not pay anything on prescriptions. They supposedly discount the price of medications. At my pharmacy, I have seen many of these cards. I own an independent pharmacy and most drugs cost more on these cards. I haven’t used this particular discount card, but most are set up like the following. My pharmacy cash price would be $10 for a medicine. When the prescription is ran on the “discount” card, it would come back $15 and the discount card company would take a negative fee of $5. This would mean that the pharmacy would pay the discount card $5 of your $15. This almost eliminates any profit for the pharmacy, and the discount card company makes more than the pharmacy for doing absolutely nothing. If you went to a chain pharmacy, prescription cost might be $25 off insurance so you would only pay $15 on the card thinking you had saved $10. In reality you could go to most independent pharmacies, and only pay the $10. This is an example but I have seen similar ones many times.

  • Jim Ferrell

    Kevin,

    Your comment doesn’t make sense. My pharmacy cash price would be $10 for a medicine. You use the card, it comes back and says $15. Would you not tell the customer? Also, if the card people take the $5 from the $15, are you not still getting your $10? How does that “eliminate” any profit for the pharmacy if you were going to charge $10 anyway? Just very confusing what you said……

  • brounmk

    “the card offers the most savings to those who don’t currently have health insurance” should have said “offers savings ONLY to those…”

Comments are closed.


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