Nearly everyone needs prescription medication sometimes, whether for maintenance or the occasional illness. But even with insurance, some prescriptions can be expensive.
Have you tried any of these strategies? If not, you might be paying more than necessary.
- Use comparison apps. An app that compares local drug prices can be indispensable. We found that the cash price for a popular cholesterol medication ranged from $10 to $68 for a 30-day supply across major pharmacies.
- Use a discount program. You can get a free or low-cost card from a prescription discount program to save money at select pharmacies. Compare drug prices across discount programs—some offer more savings than others.
- Use participating pharmacies. Some drug companies offer their medications cheaper through certain participating pharmacies.
- Go mail order. For maintenance medications and new drugs you don’t need urgently, your insurer’s preferred mail-order pharmacy might be the cheapest option.
- Go out of network. A pharmacy that doesn’t even take your insurance could be your most cost-effective option.
- Split pills. Not all tablets are safe and effective when divided. If yours is, consider requesting a higher dose that you can halve or quarter with a pill cutter.
- Ask for assistance. Many drug companies offer patient assistance programs for low-income individuals without insurance coverage.
- Try telehealth. Save by visiting an online provider to get the prescription you need.
- Visit independent pharmacies. Some have relationships with drug manufacturers that allow them to offer discounts not available at other pharmacies.
- Use these tips for pets, too. The medications we buy for our dogs and cats can also be pricey, especially from the vet.
Do you have questions about your prescription drug coverage? Reach out anytime for answers.