What Is a Specialty Pharmacy?
A specialty pharmacy provides medications for complex, chronic, or rare conditions that require special handling, administration, or monitoring. These pharmacies dispense high-cost drugs for conditions like cancer, rheumatoid arthritis, multiple sclerosis, and rare genetic disorders.
How do specialty pharmacies differ from regular pharmacies?
- Specialized medications: They focus on high-cost, high-complexity drugs that may not be available at standard retail pharmacies.
- Patient support services: Offer medication counseling, adherence programs, and insurance coordination.
- Special handling requirements: Some drugs require refrigeration, home infusion, or strict storage conditions.
Specialty Pharmacies and Medicare Coverage
- Medicare Part D: Covers many specialty medications but may require prior authorization, step therapy, or higher cost-sharing.
- Medicare Advantage (Part C): May have specific specialty pharmacy networks, affecting where prescriptions can be filled.
- Manufacturer and assistance programs: Some patients may qualify for financial aid through pharmaceutical assistance programs.
How Solace can help
A Solace advocate can help navigate Medicare Part D coverage, appeal medication denials, and connect you with financial assistance programs to reduce high out-of-pocket costs.
What to do next
Struggling to access or afford specialty medications? Find an advocate today.