Prescription Drugs
Related FAQs
Which prescription drugs are covered under health insurance plans?
All health care plans have a drug formulary (i.e. a 'list of drugs' that are covered under the plan).
The drug formulary will vary from one plan to the next.
Insurance companies do not publish their drug formularies publicly, as doing so could potentially result in poorer health outcomes for patients.
E.g. a doctor may be more inclined to prescribe a patient 'Drug A' versus 'Drug B' knowing 'Drug A' is covered and 'Drug B' is not - even though the patient should really be prescribed Drug B for their condition being treated.
If there is a particular medication you are uncertain about, a member of Aeva Support can potentially clarify with the insurance company(ies) if it is covered under their respective formulary.
The drug formulary will vary from one plan to the next.
Insurance companies do not publish their drug formularies publicly, as doing so could potentially result in poorer health outcomes for patients.
E.g. a doctor may be more inclined to prescribe a patient 'Drug A' versus 'Drug B' knowing 'Drug A' is covered and 'Drug B' is not - even though the patient should really be prescribed Drug B for their condition being treated.
If there is a particular medication you are uncertain about, a member of Aeva Support can potentially clarify with the insurance company(ies) if it is covered under their respective formulary.
I'm turning 65, do I need to buy prescription drug coverage?
When you turn 65, you may be eligible for prescription drug coverage under your provincial or territorial government health care plan.
However, these plans often have a limited drug formulary, meaning that not all medications are covered. An individual health care plan from insurance providers like Alberta Blue Cross, Canada Life, Manulife, or Sun Life typically offers a more comprehensive formulary.
This means some or all of the medications you take, or may need to take in the future, might not be covered by your provincial plan but could be covered by an individual health insurance plan.
Beyond prescription drug coverage, individual health care plans often include additional benefits valuable as you age, such as home health care, mobility devices, and hearing aids.
However, these plans often have a limited drug formulary, meaning that not all medications are covered. An individual health care plan from insurance providers like Alberta Blue Cross, Canada Life, Manulife, or Sun Life typically offers a more comprehensive formulary.
This means some or all of the medications you take, or may need to take in the future, might not be covered by your provincial plan but could be covered by an individual health insurance plan.
Beyond prescription drug coverage, individual health care plans often include additional benefits valuable as you age, such as home health care, mobility devices, and hearing aids.
Which health insurance plans cover brand-name medications?
Some health insurance plans, typically top-tier plans, do cover brand-name medications.
Other plans may cover brand-name medications up to the cost of their generic equivalent.
Use the Aeva plan comparison tools to find which plans cover brand-name medications or speak with an Aeva representative for further assistance.
Other plans may cover brand-name medications up to the cost of their generic equivalent.
Use the Aeva plan comparison tools to find which plans cover brand-name medications or speak with an Aeva representative for further assistance.
What information needs to be shown on prescription drug receipts?
Prescription drug receipts must be original receipts (not statements) and show:
• Name of drug
• Drug identification number (DIN)
• Date of service
• Prescription number
• Prescription strength and quantity
• Drug cost
• Dispensing fee (if applicable)
All other receipts must be original receipts on the printed letterhead of the person or company providing the service and show:
• Name of patient
• Date(s) of service
• Description of service
• Cost of each service
• Proof of payment
• Name of drug
• Drug identification number (DIN)
• Date of service
• Prescription number
• Prescription strength and quantity
• Drug cost
• Dispensing fee (if applicable)
All other receipts must be original receipts on the printed letterhead of the person or company providing the service and show:
• Name of patient
• Date(s) of service
• Description of service
• Cost of each service
• Proof of payment