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5 Weird (But True!) Ways to Save Money On Prescriptions

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With healthcare costs always on the rise, it’s smart to save money wherever you can.

A good place to start saving is with prescription drugs. Many mistakenly think prescription prices are set and there’s not much you can do about it.

Don’t believe it.

So how can you save money on prescriptions?

That’s the subject of today’s guide as we reveal five easy ways to get prescriptions filled for less.

Ask for Generics

Once a brand name drug goes off patent, other manufacturers can produce generics drugs which are considered equivalents. This means more competition which leads to lower prices.

When you hand a pharmacist your script, the pharmacist can give you an equivalent generic brand drug. The only time they are restricted from giving you the generic brand is if the physician specifically gives directions not to.

Take advantage of generics and save on your prescriptions.

Check for the Cash Price

Here’s a cash saving habit to start with your prescriptions — whenever you get your prescription filled, ask the pharmacist for the cash price of the drug. You may be surprised to discover the cash price is less than the copay, sometimes by more than half the total cost.

Consumers are becoming more aware of this price discrepancy. As a result, lawsuits are springing up around the country claiming copay prices of two or three times as the cash price for a drug.

Protect yourself from overpayments simply by asking for the cash price every time you get a prescription filled. 

Check Prices at Mail Order Pharmacies

According to research, consumers save 16% on average by shopping at mail order pharmacies instead of through retail pharmacies. 

Your health insurance is more likely to work with mail order pharmacies than online pharmacies like Prescription Hope, which provide lower prices on prescription drugs across the board.

Both mail order and online pharmacies are good places to find effective alternative medicines.

Fulfill Scripts at Discount Stores

Shopping at discount stores is one of the easiest ways to save money on prescriptions.

Costco is well known for discount prices on their prescriptions. And Target and Wal-Mart sell hundreds of prescriptions for $4 each which provides significant savings, especially for seniors.

Use Coupons and Discount Cards

You can find coupons and discount cards from pharmacies, associations and even the drug makers themselves. Check with your pharmacy for discounts. Google search “coupons for ___” with the name of the drug you are seeking or visit the drug manufacturers website directly.

It’s also a good idea to compare pharmacy prices and coupons through the helpful smartphone app, GoodRx.

Take caution that, on occasion, discount rates will cost more than the cash price. 

That’s why it’s always a good idea to ask the pharmacist for the cash price, the coupon price, and the insurance price without coupons.

How to Save Money on Prescriptions: Wrapping It Up

As you can see, it’s fairly easy to save money on prescriptions.

It starts with shopping where the prices are lower, such as discount stores and mail order pharmacies. Always check to see if coupons and discount cards can lower the price as well.

And when you are speaking with the pharmacist, see if generics are available for less. Don’t forget to ask for the cash price and see if it is less than that of your insurance or what you would pay with a discount card.

If you found this content to be helpful, please check out our health-related articles.

Weirdomatic is the place where all weird things come to life through the amazing world of photographs – a corner of our wild imagination or the whimsical face of the reality?

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