The cost of prescription medications can be frustrating for patients who only have enough money to live paycheck to paycheck. It can be hard to imagine what would happen to a household with a patient needing their monthly prescriptions. A hefty price tag for medications can negatively affect one’s finances and might lead to significant setbacks.
Fortunately, there are several ways you can purchase prescriptions at more affordable prices with considerable discounts.
Here are five tips that you can do to spend less on your prescriptions and save more money.
Visit Several Pharmacies And Compare Prices
After getting your prescription, it would be best to visit one pharmacy to another and inquire with them about your prescribed medicine.
Then, proceed to compare the prices they offer. This can be hard at first and will require a bit of work, but once you find a pharmacy that sells your prescribed medicines for a more affordable price, you can purchase from them when you run out of your medication.
Ask For Generics Equivalent
Another option is to ask for the generic equivalent of your prescribed medicine. You can present your prescription to the pharmacist and ask them if they have the generic counterpart of your medicine. You can also directly ask your healthcare provider for the generic list of your prescription.
Generic medications are the same as branded prescriptions. The only difference is that it’s much more affordable than the latter. Although cheaper, they are as effective as the branded ones. They have the same active ingredients as their branded counterparts with the same effects, intended use, and suggested dosage.
In fact, generic brands have undergone strict Food and Drug Administration (FDA) assessments and must meet the requirements and specifications. FDA also ensures that the generics only differ in the inactive ingredients such as coatings, flavorings, and fillers. Moreover, the FDA also requires the ingredients used are safe.
The generic medications you can buy at your local pharmacy are safe and work as effectively as the expensive branded medications. With this, you can save a lot more money and purchase your prescription with an easy heart.
Sign Up For Prescription Coupons
In case you didn’t know, prescription discount coupons are also available for patients. It works the same way as the coupons you usually see in newspapers. You can easily seek coupons on the internet with ease.
BuzzRx Prescription Discounts coupons, for example, aim to make medications more accessible for the patients. It’s an effort from companies to provide prescriptions at a much lower price. Moreover, anyone can easily claim their own coupons. Depending on the company, some will only ask for your details, and you’re good to go. However, others come with eligibility requirements. You’ll also need some effort to find the right prescription coupon.
Nonetheless, with the help of prescription drug coupons, you can buy your prescribed medication at a much lower price. You’ll only need to present your prescription and your physical or digital copy of the coupon to the pharmacist.
If you ever lose your copy, you can always try to sign up again for a new one. But remember that the regulation varies per company.
Seek Help From Drug Companies
Many drug makers offer various programs to help patients in their own way. Some present patient assistance programs (PAPs) on their official website, which make medications more accessible to uninsured patients. PAPs are usually offered by companies that manufacture branded drugs.
The requirements and procedures may differ by company. Still, you must at least prepare your proof of income, prescription, and other necessary documents that you can directly check on their website. When trying to find a manufacturer that offers PAPs, you can utilize the Medicine Assistance Tool to search for this service from various drug companies.
Know Your Insurance
The primary goal of insurance is to help people from financial risks when unexpected incidents happen. You must be aware of your monthly premium, medication list, copayment costs, and deductibles if you’re insured. Keep in mind that you must be familiar with how your plan works to avoid losing more money in the process.
Your insurance plan sometimes covers only so much of medications. You can ask your insurance provider for the list of medicines your insurance plan covers. Then, ask your healthcare provider whether or not you can purchase any of the medication from the list your insurance covers to make decisions on your medication purchase.
It’s no secret that prescription medicines can be expensive. But there are ways to save money on them, whether you have insurance or not. With a little bit of effort, you can save money on your prescription drugs. Thus, don’t be afraid to ask around and look for discounts. Your wallet will thank you!