Did you know that 58 million Americans can’t afford their prescription medications?
Although most insurance companies have low co-pays for their prescriptions, there are some medications that are still too expensive. If you’re struggling to pay for your prescriptions, you came to the right place.
Read on to learn how to save money on prescriptions.
1. Start Comparing Prices
Whenever you’re in the process of making a big purchase, you always compare prices, so shopping for prescriptions shouldn’t be the exception.
To find the cheapest prescriptions, you need to ensure you do your research. Rather than settling to get your prescriptions sent to the large chain pharmacies, start comparing prices.
2. Savings Cards
If you’re determined to save on prescriptions, why not give pharmacy savings cars a chance. There are a few savings card options such as SingleCare, Blink Health, and GoodRX that can help you save money on prescription medications.
While it’s free to obtain some of these savings cards, some of them charge a membership fee.
3. Shop Generic Medications
If your doctor prescribes a medication and you cannot afford the name brand, ask the pharmacist if there are any generic options. When the patents for the name-brands medications expire, other drug manufacturers can produce the same medication, which brings the price down.
When this happens, name-brand manufacturers have to think about recouping costs. If there are no generic options, you might have to look into other options.
4. Start Couponing
It might be difficult to pay for prescription medications when the brand-name form is only available. However, whenever prescription manufacturers put out a new prescription, they often offer coupons.
Also, some manufacturers offer coupons for those patients who meet certain qualifications or are uninsured. There are plenty of pharmacies that offer coupons on prescriptions.
There are more coupons than you think available, so all you have to do is look around.
5. Prescription Assistance
If the medication is still too expensive, you can look into prescription assistance programs. You can find many different prescription programs at the local, state, or federal level.
You can also check out nonprofits that help those who cannot afford prescription medications.
6. Online Pharmacies
Although many people often go to their local pharmacy to get their prescriptions, many online pharmacies don’t even know about it.
Although shopping for prescriptions online might seem a little sketchy, it’s actually a great way to get medications at a lower price. Also, you have the convenience of shopping for medications without leaving your home.
7. Change Your Insurance Plan
If you cannot afford your prescription co-pays, you should look at your insurance plan. Upgrading or changing your insurance plan might allow you to have access to prescriptions with a lower co-pay.
Are You Ready to Save Money on Prescriptions?
Now that you know how to save money on prescriptions, it’s time you get the right price for your medications.
Start by looking at your insurance plan, shop online, choose generic brands and look into prescription assistance programs.
If you enjoyed this article and would like to learn more tips, check out the rest of our blog.