I found this great Infographic on the differences between Generic and Brand Name Drugs. Hat tip to Mint.com where I found it.
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This blog is intended to be a space to write about insurance, employee benefits, industry news and financial literacy. I promise I will be as impartial and direct as I can be, if I hold a conflict of interest or personal bias I will state it openly.
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Rob Reynolds, GBA
Certified Group Benefits Advisor
Licensed Life Accident and Sickness Advisor
Partner/Group Accounts Manager
HMR Employee Benefits Ltd.
www.hmrinsurance.ca
Toll Free: 1-888-592-4614
rob@hmrinsurance.ca
If you have any questions give me a call, shoot me an email or leave a comment. I would be happy to talk and answer them for you.
Certified Group Benefits Advisor
Licensed Life Accident and Sickness Advisor
Partner/Group Accounts Manager
HMR Employee Benefits Ltd.
www.hmrinsurance.ca
Toll Free: 1-888-592-4614
rob@hmrinsurance.ca
If you have any questions give me a call, shoot me an email or leave a comment. I would be happy to talk and answer them for you.
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Disclosure: The content of this page are provided as general information only and should not be taken as financial advice. All statements are believed to be correct at the time of publication, though errors can occur, please refer to a qualified professional before acting on anything posted here. I am a licensed life accident and sickness advisor, I am paid partly by salary for servicing my block of business and by commissions on new sales of insurance and financial products. I do not own any interest in any insurance company nor do any insurance company’s own any portion of my business. The opinions expressed are my own, and do not represent the opinions of HMR Employee Benefits Ltd.
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Thanks for the comment
ReplyDeleteYes, Generics and Brand Name drugs can use different dosages, different fillers, different processes to get the active ingredient. However, the vast majority of the time, they come off the same production line.
A little industry secret, if you have a generic drug plan, and you have an adverse reaction to a generic, you can often get the brand name paid for by having the doctor write "No substitutions" on the prescription pad. Many drug plans will then pay for the Brand Name drug.