The Edmond Sun

Business

July 16, 2012

IBC Bank debuts prescription drug discount program

EDMOND — IBC Bank, one of the top performing banks in the nation based in Texas, is helping customers better manage their health care costs with an innovative prescription drug discount program that is paying off — not only for customers saving on health care costs but also for businesses and families throughout the communities IBC Bank serves.

The pharmacy discount card program is one of the many ways IBC Bank lives up to its motto, “We Do More.” In fact, the program is called, “We Do More Rx,” and is offered through Paramount Rx, a full-service prescription benefits manager focused on consumer-driven health care.

IBC Bank began working with Paramount Rx on the program in 2011. Pharmacy discount cards were mailed to customers and will be made available shortly at bank locations. Today, thousands of customers receive discounts every month at pharmacies throughout Texas and Oklahoma. With the recent launch of the We Do More Rx Program, IBC customers, friends and family already have saved more than $300,000 off the retail price of their prescriptions.

“We’ve received very positive responses from customers about the money they are saving, such as one person who did not have insurance telling us they saved $130 on a very expensive prescription,” said Dale Randol, IBC Insurance Agency executive vice president and chief operating officer. “We had more than a hundred calls during the first month of the program from customers who said they appreciate what we’re doing. Businesses are also interested in participating in the program for their employees.”

There are no costs involved for customers who hold a discount card and participate in the program. Bank customers and family members simply present the We Do More Rx discount card to the pharmacist each time they fill a prescription, and they receive an average savings of 36 percent off retail prices. There are no deductibles or maximum benefit levels, and no exclusions for pre-existing health conditions.

More information is available at www.ibc.com. Visit us on our YouTube channel, IBCBankWeDoMore.

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