Looking for tips to save on prescription drugs? Prescription drugs can get expensive, especially if you don’t have insurance. Here are a few tips that will help you save some money when buying the drugs you need.
Save money on prescriptions with generic drugs
Many medications have a cheaper, generic alternative. Most generic medicines sell for as much as 80% less than their name-brand counterparts. While some people think generic means lower quality, that’s not true at all. In fact, they are as effective as the more expensive ones. This is because generic medications must also meet the same stringent FDA requirements as brand name drugs. So, ask your pharmacist if there’s a generic medication you can use. But before the switch, run it by your healthcare provider.
Get a 90-day supply of the prescription medication
If you take prescription drugs regularly, you probably need a refill once a month. So, consider getting a 90-day prescription for maintenance medications, at a mail order pharmacy or retail store. By doing this, you may pay less in the long run.
Sign up for a prescription discount card
If you’re over 50, you should be taking advantage of AARP perks, including prescription medication discounts. While you do have to pay to join AARP, you sure can get free discount cards from other sources. One program that offers a good free prescription discount card is GoodRx. A simple search online for the medication you need will reveal prices at pharmacies close to you.
Visit the drugmaker’s website
Quite often, some drug manufacturers put up money-saving deals on their websites. Just search for the drug you need to check if there are offers online. Some pharmaceutical companies may even offer patient assistance programs. If your family's annual income is less than a certain amount, you may qualify for reduced-cost medications.
Consider a different store and pay with cash
Before you take your prescription to your local pharmacy, make sure you compare different pharmacy costs online. This will show you costs at various stores. Your insurance may not always give you the best price. In fact, customers who pay cash could sometimes get a lower rate than those who use their insurance plan. So, do ask your pharmacist about the price difference for cash versus paying with insurance.
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