If you dropped by the pharmacy recently to purchase your prescription medications and were stunned to see how much you need to pay, you’re not alone. This has been happening to plenty of people worldwide, and yes, even for people with insurance plans.
To help cut your medication costs, consider the following tips:
Go for generic drugs
This is, of course, considering that your doctor is fine with you switching to generic drugs. These drugs are the same copies of branded medications but have substantially lower prices, explains a licensed pharmacist from a renowned pharmacy in the Texas Hill Country.
Shop around different pharmacies
Drug prices vary from one pharmacy to another. You could look at pharmacy websites or call them up directly to compare prices. While you’re at it, ask if they offer prescription medication plans that you could qualify for.
Check your insurance plan’s drug formulary
This is a list of specific prescription medications in different categories, which determines the amount you’d need to pay. Some medicines might require special approval, and your policy might not even cover some.
Consider therapeutic alternatives
You could discuss with your pharmacist and doctor to check if a similar prescription drug is available that’s more affordable or has a lower price if your insurance covers it.
Find out if you qualify for patient assistance programs
These programs help low-income individuals pay for their prescription medications.
Be on the lookout for coupons
Check the websites of drug manufacturers and health publications (online and print) for discount coupons. Do note though that these usually come with a refill and time limit. Also, read the mechanics first as certain health insurance plans like Medicaid, Medicare, and other state and federal health programs don’t permit the use of coupons.
Yes, prescription medications, even with insurance, could be quite costly. And without insurance, this cost could feel so overwhelming that you might be tempted not to take some or all of your medications. DON’T. As mentioned above, there are practical ways to control your prescription drug costs. Plus, discontinuing your medication could be more costly in the long run than the medicines themselves.