Prescription drug prices in the United States have been climbing for years now, and patients often find themselves overwhelmed by the cost of keeping up with their medications. As costs continue to rise, patients often find themselves looking for ways to save money on the price of their drugs.
There are a variety of ways that you and your doctor can try to save you money that are worth looking into if you want to minimize your medical expenses. These range from different types of discounts to even adjusting your prescription. If you or someone you know is hoping to reduce the out-of-pocket costs for their prescriptions, read on for five simple tips for saving money on medication.
1. Look for prescription drug coupons.
Rx coupons can be a lifesaver for anyone looking to save money on prescription medication. Sometimes coupons can even save more money than your insurance plan, so make sure you check to see what discounts are available for the medications you’re prescribed next time before you take a trip to the pharmacy. If you’re serious about finding the lowest price on your prescriptions, take the time to look over all of the top websites that offer coupons, you might be surprised how much you can save.
2. Switch to a generic medication.
Many medications are only available in the brand name versions, but many more are also available as a generic. Generic medications are the same as an already existing drug whose chemical patents have expired. This allows them to be sold at a much lower price. If the medication you’re prescribed is available as a generic, you may be able to save money. Some medications don’t have generic alternatives, but your doctor may be able
3. Talk to your doctor about adjusting your dosage.
Some medications come in varying dosages, and you may be able to have your doctor increase yours, and then use a pill cutter to make your refill last longer. A pill cutter is easy to find at any pharmacy, and you can split your pills to allow you to continue to use the right amount on a day-to-day basis. Not all pills can be split, especially many with time-release mechanisms or special coatings, but many can be, so it’s worth inquiring next time you’re at the doctor’s office.
4. Ask about manufacturer’s discounts.
Many pharmaceutical companies offer discounts to customers, especially those who can demonstrate that they’re in a position of financial need. If you think you might qualify, go to the drug manufacturer’s website, where they will typically provide information on any manufacturer’s discount programs that exist and how to apply for them. Your doctor or your local pharmacist may be able to help get you information about relevant manufacturer’s offers that could save you money.
5. Comparison shop at other pharmacies.
There isn’t one standardized price for a drug that’s consistent across all pharmacies. Different pharmacies can charge completely different prices for the same medications, so it’s worth calling around to a few in your area to find out which location offers the best prices. You can also ask about any loyalty programs the pharmacy might offer that could help you obtain an additional discount on the cost of your medication.
When it comes to dealing with prescription drugs in the United States, it’s easy to get frustrated or wind up paying too much for your medications. Many people aren’t even aware that two pharmacies can charge a different price for the same drug or that their insurance plan may not be getting them the lowest available price. Luckily, it’s easier than ever to find resources available online to help you learn how to save money on your out-of-pocket prescription costs, and there are even discount programs that you can take advantage of to help you find the best deal. If you find that your prescription drug costs are starting to rise, talk to your doctor about what money-saving options might be available to you.