Frugal Rx Team
February 20, 2024
3 min read
Understanding Your FrugalRx Digital Savings Card
Your FrugalRx digital card contains all the information pharmacies need to apply discounts to your prescriptions. But what exactly is on it, and how does it work?
The Key Components
Your FrugalRx card includes:
- BIN Number: The Bank Identification Number that tells the pharmacy which pricing network to access
- PCN: The Processor Control Number that further identifies the specific pricing program
- Group ID: Identifies you as part of the FrugalRx discount program
- Member ID: Your unique identifier in our system
How It Works Behind the Scenes
When the pharmacy enters your card information into their system:
- The system connects to our Pharmacy Benefit Manager (PBM) network
- The PBM checks the negotiated price for your specific medication
- The discounted price is automatically applied to your purchase
Why You Can Get Better Prices
FrugalRx leverages collective bargaining power to negotiate lower prices with pharmacies. This allows us to offer significant discounts—up to 80% off retail prices—without any cost to you.
No Hidden Costs or Information Selling
Unlike some discount card providers, we don't sell your personal information. Our service is completely free for consumers, with no hidden fees or membership costs.
How to Get the Most From Your Card
To maximize your savings:
- Always compare prices at different pharmacies using our tool
- Show your card even if you have insurance (it might beat your copay)
- Add your card to your digital wallet for easy access
- Ask the pharmacist to check both your insurance and FrugalRx to see which offers the better price
