Drugs can be quite expensive now, and not everyone has insurance coverage that covers their prescribed medications or makes the price lower with a co-pay. In other cases, people have to pay full price for their drugs, which can be pretty expensive. This can happen even if they have a medical insurance plan, but it doesn’t cover the specific drug.
People with and without medical insurance could use some of the following methods to mitigate the effect of expensive drugs on their wallet.
There are several tips on how to save money on prescription drugs. Those tips exclude unsafe ways to obtain medications, like buying them on the street or ordering through an unlicensed pharmacy.
Generic drugs instead of brand-name
This tip is the first that comes to mind when it comes to saving on prescribed medications. Indeed, generics in most cases have the same efficacy as their brand-name versions, but patients can obtain them at a significantly lower cost. If a physician said that a patient may replace a brand name drug with its generic substitute, or didn’t prescribe the drug to be “dispensed as written”, purchasing a generic alternative would be a wise decision.
In most cases, pharmacists provide their customers with generics unless they see “DAW” on the prescription.
For example, Prilosec. This brand-name drug used to treat GERD costs about $230 for 30 capsules, and its generic version costs only $13 for the same amount. Prices are valid as of February 2, 2017, for New-York city. All of the estimated prices are taken from Goodrx.com for Walmart pharmacy. Lower prices may be found in other pharmacies or areas.
Using preventive care services
With the Affordable Care Act (ACA, also known as Obamacare), people have access to preventive care services for free, regardless if they have any type of medical coverage or not. This method will not help to save money on current prescriptions, but will decrease the chance of drugs needed in the future.
Using patient assistance programs
If patient can’t afford a specific drug, using patient assistance programs is an option.
Those programs are run by pharmaceutical companies like Pfizer. Also, there are federal and state programs available for patients without medical coverage or those who cannot afford vital drugs.
Rx Outreach and NeedyMeds are only a few of the programs available across the U.S.
90-day supply instead of 30-day supply Canada Drugs Direct
A 90-day supply is almost always cheaper than a 30-day supply. In the long-term, this method can save not only money but also time spent to visit a doctor or a pharmacy.
Plus, if a patient has private health insurance, they can get a 90-day supply using a mail-order pharmacy. This will save even more money and it’s more convenient.
Patients could save money on their prescriptions by using mail-order pharmacies. This method is more convenient than going to a pharmacy, but patients should be really careful when using online pharmacies.
Some of them could be fake and simply looking to scam customers. However, patients could avoid those issues if they use the BeSafeRx program from the Food and Drug Administration.