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.”