Did you know that more than half of Americans take prescription medications? If you are part of this statistic and are looking at how to save money on prescriptions, you are in the right place. We have put together this guide to share some tips on how to save on prescription costs.
Keep reading to learn a few tricks on how to get cheaper meds.
1. Generics
One way to enjoy prescription discounts is to ask the pharmacy for a generic version instead of the name brand. If you are a bit worried about getting generic because it won’t be as good, there is no need to worry because generic drugs are monitored by the U.S. Food and Drug Administration (FDA).
The FDA makes sure that the generic drugs work the same as its brand name equivalent and they have very strict criteria before approving a generic brand drug. Buying generic drugs will save you more than 50% most of the time.
2. Pay Out of Pocket
When you are buying medication without insurance we recommend calling around to all the nearby pharmacies and asking them what the cash price would be for your prescription. Sometimes a pharmacy will give a discount for certain medications when you are not paying with health insurance.
Once in a while, you might even find the cash price being lower than the copay would be.
3. Pharmacy Savings Cards
There are quite a few prescription discount cards out there. With a simple search online you can see what programs are available and search for your specific medication to see what the price would be.
It is best to know not only the name of your medicine but also the dosage and the quantity that you need. Some discount clubs also offer rewards or a coupon, the first time you use their savings program.
4. Coupons
Drug manufacturers will offer coupons especially if the drug is new because it is more expensive and only available in the brand name. You can also look for coupons from retail pharmacies where they will give you a gift card with your first prescription fill.
5. Prescription Assistance
There are programs available for people that require certain medications in order to survive but are not able to afford them. You can inquire about these programs with your local or state government and even nonprofits in your area.
You will more than likely have to show proof of financial need or something stating that you have been denied from your insurance company. There are a few sites online where you can see what Patient Assistance Programs you qualify for.
Ready to Save on Prescription Cost?
We hope that now that you know our top tips and tricks on how to save on the average prescription cost, you can start saving some money.
Did you find this article helpful? Please browse around the rest of this section for some more money-saving tips.
