Have Insurance but Your Coverage Changed?
By: Shane Power, President of Watertree Health…
An article by David Lazarus published in The Los Angeles Times discussed a growing epidemic in the United States—insurers dropping certain prescription medications from coverage by their plans. Often drugs are dropped without advanced warning, leaving patients scrambling to find a way to obtain, and pay for, the medications that their physician has prescribed.
Even with the Affordable Care Act (ACA), insurers are not required to cover many commonly prescribed cholesterol-lowering statins, anti-depressants and other medications. Companies can add and subtract medicines at will. With 7 out of 10 Americans requiring at least one prescription medication, the need for available and affordable prescriptions is enormous.
As President of Watertree Health, I hear from consumers all over the country, many with employer-provided prescription benefits, who are faced with the same harsh financial reality as someone without any insurance—how am I going to pay for my medicine? Some consumers resort to the dangerous practice of rationing prescriptions. Others seek them out on the Internet and from other countries, where fakes abound.
The Los Angeles Times also reported that the prices of medical supplies, such as diabetic-testing materials, catheters and orthopedic devices, could vary dramatically by insurer. Additionally, not all plans are even required to cover these supplies that millions of people in America rely on every day.
The Watertree Health Prescription Discount Card helps fill in critical gaps in health insurance plans being purchased by people across the country. It helps alleviate some of the financial burden for those with insurance when their medications or medical supplies are no longer covered—helping to improve the cycle of health for millions of people.
Importance of Year-End Nonprofit Donations
By Shane Power, President & Ceci West, Chief Marketing & Purpose Officer of Watertree Health
Earlier this year, we expressed our concern about nonprofits potentially losing millions of their annual donations due to the new tax plan taking effect. According to The NonProfit Times, charities are feeling pressure as they struggle to hit projected goals set for 2018. It’s very possible that many nonprofits will have to pull back on their efforts due to the dip in contributions. As we prepare to bring 2018 to an end, we want to emphasize the importance of showing continued financial support of nonprofits for all of the crucial work they do.
Not all superheroes wear capes—charities are fighting a selfless fight to help improve the current state of societal issues we face today. Every dollar given to a nonprofit this year is more valuable than you may think. The amount of donations a charity receives in 2018 determines how much they can accomplish in 2019 and beyond. Without our support, that can mean more families going without food, an increased number of animals suffering from mistreatment, an uptick of people suffering from homelessness, and much more.
In order for us to help make changes in our communities, we have to recognize that they will not occur overnight and will not be easy to accomplish. By giving to trusted charities, you will be joining and strengthening their missions to help effect change. You may want to consider giving a recurring monthly donation to a nonprofit. Splitting up a yearly donation into smaller ones may be a more realistic and comfortable financial commitment. Also, nonprofits prefer having an ongoing revenue stream versus wondering if they’re going to get a check at year’s end.
Not sure what charity you want to support? Go to Charity Navigator for assistance. I know providing for yourself and your family comes with financial commitments, but every donation you can make—big or small—may create a difference in the long run. Together, let’s continue to help influence change in the world through supporting charities for future generations. As always, remember to give with your heart…that’s always your best guide.Watertree Health is proud to support our nonprofit partners, year-round.