Did you know that more than 131 million people in the United States use prescription drugs? If you are part of this statistic you might not be aware that there are several things you can do when it comes to saving on prescriptions. We have put together this short guide to share how to save on prescriptions and keep more money in your pocket.
Keep reading to learn the ins and outs about how to save on medications.
1. Pharmacy Savings Card
There are quite a few pharmacy savings cards out there that you might want to consider using the next time you order a prescription refill. Some of them might help you save up to 80% off your medication. Some reputable savings cards include GoodRx and SingleCare.
Both of those also have a mobile app that you can download for extra rewards and savings. You can also compare between different medications to see which savings card will give you a bigger discount. For example, compare Xarelto pricing on GoodRx and SingleCare and choose which one will save you the most money.
2. Prescription Assistance
There are some assistance programs available to people that need medications for their health conditions but can’t afford to buy them. You can search your state or local government and nonprofits to see if you qualify for any programs.
For most assistance programs, you will just have to show a financial need or proof that your insurance company denied paying for your prescriptions.
3. Generic Brands
Another way to save money on your prescription is to always ask for a generic brand instead of the name brand. Both brand name and generic have the same exact active ingredients, which means that they will work just fine when it comes to treating your condition.
The reason that brand name drugs cost more is that there is a lengthy development process when the drug is being invented by the manufacturer. Once the patent expires for that manufacturer, other manufacturers have the legal right to produce the same exact medication and charge less for it.
4. 90 Day Supply
Instead of opting for a 14 or 30 day supply, ask for a 90-day fill. In most cases, the larger supply will reduce the average cost per pill, and if you currently pay a copay each time you have a prescription filled you will pay only once every 3 months instead of monthly.
This is a great option for prescriptions for high blood pressure or birth control.
5. Insurance Plan Change
If you currently have prescription insurance but they are not covering your medicine or they are charging you way too much then consider changing your current plan. The plan you have will dictate how much your deductible is and which drugs are covered.
A new plan might cost you a bit more monthly but they might have a lower deductible for your prescriptions or they might cover more of the costs of the medication. In this case, the savings will balance out the higher monthly premiums.
Ready to Start Saving on Prescriptions?
We hope that now that you are aware of the ins and outs of saving on prescriptions you can get cheap medications but with the same quality.
Did our article help you out today? Please browse around some of our other articles for more helpful tips.
