Tips for Saving Money on Prescription Medication

Paying for prescription medication can be extremely costly, even with insurance, and is only getting more expensive each year. Trying to find ways to pay for those needed and expensive medications can sometimes feel nearly impossible. Whether it’s because of low income, no insurance, or being uninsured, many Americans find themselves in a place to be unable to afford medication. Fortunately, there are different ways you can save money on prescription medications.

Save Money on Drug Prescriptions

According to an article posted from the CDC:

Almost 8% of U.S. adults aged 18 and over (7.8%) did not take medication as prescribed, to save money.

This is a problem because it causes Americans to go without prescription medications they may really need. Sometimes these medications, such as insulin, are a necessity and can be life-threatening if not taken. So how do we save money on the prescription medications we really need? Below are a few tips to help you.

• Try generics: Generic drugs are a great, cost-saving option because they have the same active ingredients at their brand name counterparts, therefore they work exactly the same and how they should, but are substantially less expensive. Many people hear the word generic and automatically assume it is of lower quality and they just aren’t as good as the brand name. When it comes to prescription medication, this isn’t true. Generic prescriptions are made to work the exact same way as the name brand versions because the active ingredient is the same. They are also the same as far as strength, quality, dosage, safety, and route of administration. Generic medications are made to be just as effective.
• Get a larger supply: While this may not work for every prescription, instead of getting a prescription that is only a 30 days supply and making co-payments each time, you can ask for a 90 day supply that way you only have to make that copay every 3 months. This works for medications you take long term.
• Shop around: Medication retail process will vary depending on whether pharmacies buy directly from the manufacturers, or use a middleman. Using a middleman drives up the prices because at the end of the day everyone wants to make a profit. You can call different pharmacies near you or look online to compare the prices.
• Get the most out of your insurance: If you pay for health insurance, take full advantage of it. Each insurance company has a list of drugs that they do and do not cover. This is called a formulary. Simply call your insurance and talk to them about the drugs that you take. If there is something that is too expensive or is not covered, there may be an alternative that is a similar medication that your insurance will pay for.
• Get involved in a prescriptions assistance program: These are specifically created for people who are struggling to pay for their prescriptions medications. Whether you are paying out of pocket, are on Medicare, or don’t have any insurance you can receive your medications through the drug companies many patient assistance programs. These are unique programs that are presented and offered directly from major manufacturing pharmaceutical companies that make brand name medications.

If you are interested in getting more information on how to get involved in a prescription assistance program, RX123 is the best place to start. We truly want all applicants to get accepted as quickly as possible and we will do whatever possible to make that happen for you and to achieve this goal. For more information or to get started in your application process, you can contact us at 888-344-8915. Get the help you need today and let’s get started on your prescription assistance as soon as possible. Now is the time to get the assistance you deserve in a stress-free way. Let us be your advocate for you through this process!