Paying for prescription medications can take a big bite out of your budget, especially if you purchase them regularly or have a chronic health issue. But in some cases, there are a few ways to help lower prescription prices. Learn how to keep prescription costs down with these tips.
Check your health insurance and pharmacy plan coverage.
Find out if your medications are covered and how much you’ll owe. For maintenance medications, you could request a 90-day supply or higher-dose pills that can be split to lower your costs.
Comparison shop.
Does your pharmacy seem expensive? Try checking with other pharmacies online or calling around to find better prices on your prescriptions. Even with insurance, drug prices can vary by pharmacy. Log in to your insurance provider’s website and look for a drug price comparison tool.
Ask about generic alternatives.
Generic medications can work as well as brand-name drugs but cost less. Exploring generic alternatives with your doctor and your pharmacist could save you quite a bit of money.
Look for coupons or samples.
Occasionally prescription drug coupons or samples are available for brand-name drugs, especially new ones. Ask your doctor or pharmacist if your medications qualify.
Consider using a pharmacy discount card.
Some pharmacies and clinics keep discount cards on hand to give out to patients who may need help paying for their medications. Other discount cards are available online. They’re usually free and easy to use.
Ultimately, you can’t lower the suggested retail price of prescription medications. However, you can use some of these ideas to pay less whenever possible for the medications you need.
Get in touch with us today if you have questions about life or health insurance. We’re always here for you.
