The Superior Health Plan (SHP) is one of the biggest health plans on the market and provides high-deductible coverage, low deductibles, and other benefits to more than a million low-income individuals.
SHP offers a variety of coverage options and options that cover everything from dental and vision care to emergency room visits, prescription drug plans, maternity care, and mental health services.
But you’ll also find a premium rebates on a number of services and coverage options, ranging from prescription drug benefits to the Superior Family Health Plan, which offers a few million individuals who earn more than $75,000 per year, and the SHP Premium Health Plan.
To take advantage of these premium rebays, you’ll need to use the SHPs enrollment form and sign up for an individual, small business, or public plan.
Below is a look at some of the premium rebate options available.
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SHPs premium rebating: Premium rebate for prescription drugs The SHPs Premium Health Program offers an annual fee of $2,500 per person for all prescriptions written in the year.
If you have a high deductible for your prescription drugs, you will get a rebate of $1,000 for each additional month you remain on your drug plan.
You can choose to opt out of the program by filling out an opt-out form.
You’ll need a prescription drug plan with the lowest deductible.
You will also receive a rebate for any medication you take on an off-prescription basis.
The SHP does not offer any prescription drug rebates.
*NOTE: This list is subject to change as more plans are added.
The Superiors Health Plan Premium Health Rebate: $1.25 per month for prescriptions written at or below the SHPP’s maximum deductible.
*If you have an annual deductible of $75 or more, the SHPS Premium Health rebate will apply to your monthly premiums for the year, regardless of your coverage status.
You won’t get any rebate if you qualify for the SHIPP-SAFE plan, which provides a similar coverage benefit, or the SHPA Premium Health Benefit Plan, a similar plan that includes prescription drug coverage, but does not have the drug rebate.
For full details, see our Premium Rebates article.
SHPP Premium Health Benefits: $20 per month of copayments for the first year, with a $25 copayment every subsequent year.
*Your copay for the medication you receive must be less than the SHIP-SAVE maximum copay of $10.
You must pay a $50 copay every year.
To qualify, you must have no deductible for prescriptions under the SHPO plan.
Your copay must be no more than the total of the SHIPS maximum copays and the amount you will be paying in copays for your prescriptions for the next year.
You may not opt out.
You should note that you will pay copays from your prescription drug savings accounts and your copay payment for prescription drug benefit plans is a variable amount, which can change each year.
SHIPS Premium Health Care Savings Account: $15 per month, with no deductible.
The savings account is used to pay for medications, copay, and co-payments for prescriptions, which are generally the most expensive medications you will need to pay out of pocket.
SHIPP Premium Health Savings Plan: $45 per month.
SHIP Premium Health Health Benefit: $75 per month ($200 for each child and up to $3,000 annually for each adult).
You will receive a $150 monthly rebate on any prescriptions you take from a SHP plan.
SHPS has no copayable medications.
SHPL Premium Health: $150 per month (with no deductible).
SHPL Health Savings Accounts: $50 per month each.
SHPN Premium Health Advantage: $350 per month in an annual savings account ($100 for each person over 65).
You may also use a SHPN savings account to pay off your monthly prescription drug payments for the month you’re enrolled in the SHPN plan.
*Shippens prescription drug policy will cover the costs of the medication.
The amount you’ll pay will depend on the drug and the copay.
You’re paying for the medications you take with the SHPL plan.
The deductible is the amount that you would pay out-of-pocket for your medications.
You pay the SHPI plan a copay on the prescription for the drug you’re taking.
SHPI Plan Benefits: Discounted copay rates for most medications, including prescriptions.
*You can choose not to use SHPL’s pharmacy benefits plan, or SHPL will cover any copay costs.
The discount rates are the same as those offered by the SHPC, but there are other