Prescription Drug Pricing: How to Save Money on Your Medication Costs

Prescription drug bottles woith twenty dollar bills inside, isolated on white

Healthcare costs are one of the most significant expenses for the average American.

One part of that cost is expensive prescription drugs. A lot of people struggle to afford the medications they need to be healthy.

Thankfully, there are lots of ways you can find discounted drugs! Prescription drug pricing doesn’t have to rule you.

Keep reading to learn more about the options available to you if you are in need of prescription medication.

Talk To Your Doctor About Prescription Drug Pricing

The very first thing you should do with any health concern is to talk to your doctor. With prescription drugs, the type of medication, dosage, and a lot of other prescribing factors can seriously affect the price.

Most doctors are more than happy to work with you to find the perfect drug that fits your resources. They may even be able to offer you things like coupons or other specific discounts.

In a best-case scenario, your doctor may even have samples for you. These are entirely free doses of widely used drugs that they receive from pharma reps.

Many doctors are more than happy to provide patients who need them with samples to help get them started before they can fill a prescription. Remember, it never hurts to ask for help.

Go Generic When You Can

Generic drugs are identical in effect to name brand ones yet cost less, a lot less. The FDA estimates that generic medications are nearly 85% cheaper than their name brand counterparts.

Start your search for generics at the doctor’s office. Doctors have tons of options in medication these days.

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There’s an excellent chance they know of a cheaper alternative to a name-brand drug that can work for you.

Research Your Insurance’s Prescription Copays

Many insurers have different levels of copay, depending on the drug. Most classes of drugs will have multiple brands, dosages, and even ‘preferred’ medications.

Spend a few minutes checking your insurer’s website. They should have a master list of all the medications they cover and what the copays for each are.

You can even print it out and bring it with you to your doctor. Getting prescribed a cheaper drug with very similar effects can potentially save you hundreds of dollars in copays over the year.

Shop Around

Another often overlooked way to save on prescriptions is to shop around. Different pharmacies offer different prices. Sometimes larger chains will have special pricing on specific brands or generics of various medications.

Online pharmacies have rapidly grown in popularity as well. They offer a way to order your prescriptions in bulk or from less expensive areas to save money.

Others will have promotions or specials that help you save even more. Coupons from allow you to purchase the medication you need without breaking the bank.

Be Flexible

The most important thing to keep in mind with prescription drug pricing is flexibility. If you’re willing to change the brand of the drug, go for a generic, or choose a different pharmacy, you can save a substantial amount of money.

Want to learn more about alternative healthcare topics and effective home remedies?

Check out our other great articles that explore the often-overlooked benefits of alternative medicine.

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