Cost Savings on Medication
Did you know there are numerous ways to save money on your medications? We all know generics are cost savers, but there other ways to save too!
Often, using your insurance’s 90-day plan saves one-third the cost or more. However, it still pays to compare prices. There can be a surprisingly wide cost range for generic medications compared to brand named drugs.
For example, a medication that I paid $80 for a 90 day supply through my insurance plan cost $25 through Costco Pharmacy for the same amount of medication.
Many people are unaware that membership to Costco and Sam’s Club is not necessary to be able to utilize their pharmacies.
Wish’s Drugs in the Louisville, Kentucky area may be old-fashioned, but so are their prices! Check out small “Mom and Pop” drug stores near you as well. Kroger, Wal-Mart, Target and some others have a “$4 list” of medications for 30 pills and $10 for 90 pills.
Though stand-alone pharmacy chains like Walgreen, CVS, and Rite Aid tend to have higher prices, they usually offer discount plans or may price match.
Good Rx offers a free I-phone app and online coupons as well as price comparison charts between pharmacies (though not all pharmacies are listed).
Rx Outreach is a mail-order pharmacy offering low prices for those who meet income eligibility minimums regardless of insurance coverage.
There are often co-pay cards for newer Brand Name medications that save by lowering your co-pay. You may find them online or obtain them from your prescriber.
Also, those with limited incomes, no insurance, or high deductibles may be able to obtain free medication from the pharmaceutical company through Patient Assistant Programs. Contact the company that makes the medication you need or ask your provider.
The more work you do to print off the paperwork from a company’s website, the less your provider will need to do: therefore, the more likely they are willing to help.
Spend a little time checking things out and you may save a lot of money on your medications!