First Dollar, a consumer-first health care savings platform, has unveiled its first HSA debit card in partnership with prescription coupon firm RxSaver.
Customers can save up to 85% on prescriptions at checkout by flashing the card, which includes RxSaver’s network information inscribed onto the back.
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RxSaver senior vice president and general manager Kim Read said: “We want to ensure Americans are able to afford and save on their medication through opportunities such as this.”
RxSaver supports savings by providing coupons on more than 6,000 medications, with acceptance at all key pharmacies.
The latest partnership makes RxSaver’s coupons available to consumers directly on an HSA card for the first time. First Dollar called RxSaver a “natural fit”.
Commenting on the development, First Dollar CEO and co-founder Jason Bornhorst said: “Medication continues to be a high-cost burden for everyday Americans, and is a top spending category for HSAs – which is why we’re the first HSA to put a drug discount network right on the HSA card.
“We want to ensure First Dollar members are always getting the best prices for the medications they need.”
Card developments in healthcare space
In August this year, Oman Arab Bank rolled out an exclusive credit card with zero interest and annual fees for frontline healthcare workers in the country.
Earlier this year, SmartHealth PayCard launched its SmartHealth PayCard Mastercard credit card in the US, solely dedicated to healthcare purposes.
Designed to manage the burden of healthcare expenses, the card allows healthcare providers to be paid in full sans fees or payment plans while offering cardholders affordable payment choices.
