Anyone that needs to refill prescription medicine because of a lifelong condition already knows that, over the years, this expenditure can add up. Fortunately, Americans have some choices in how they can save on prescriptions. Resigning yourself to paying full price for meds every time you buy them is just one alternative, a few others exist. Here are three ways you can save on prescriptions.
Get Health Insurance
If your place of work offers it, or you’re willing to pay for it, some insurance companies offer health insurance coverage with extra benefits like “co-pay” where some of your purchase on medication is subsidized by the insurance company, so you don’t have to pay the full price on your medication.
Of course, this type of saving is contingent on you working for a business that offers these kinds of health benefits, or you having the finances in hand to pay for that kind of extensive coverage. If you don’t, there are other ways.
A way to save on prescriptions that anyone can do with a bit of effort is to research the pricing of medications at different pharmacies. There’s no ceiling on how high or low medication can be priced at; this is at the discretion of individual pharmacists, or the corporate mandate of the franchise they are affiliated with.
For shoppers, this means that a pharmacy in an affluent area can charge 200%-300% more for medication if they know their customers are willing to tolerate that price. In the same way, in less affluent areas, the pricing may be lower to encourage sales. Research your options, or try using a price comparison app to save money with lower pricing in your area.
Use Discount Cards
Another great way to save on prescriptions is to use a discount Rx card. These may be one-time-use coupons available from your doctor to try out different new medications at a lower price. Alternatively, they may also be permanent discount cards for a broad range of different medications.
You can get discount cards at some large chain retailers such as Walmart or Wallgreens that are limited only to those outlets. If you need more choices, you can also go online and look at other cards. Some discount cards may even be available as part of a local government assistance program, but these are dependent on your area of residence, or your income level.
There are ways to save on medication if you go looking, you don’t have to pay full price every time!