Most people are down for saving money whenever possible, but may not realize that it’s possible to save on prescription costs. This can mean a world of difference for many because, as Consumer Reports found, 30% of people have neglected to fill a prescription due to increased drug costs, and more than 30% had to spend less on groceries to be able to afford prescription costs.
Here, we offer five tips to help you save, including a couple that may surprise you.
Do Some Research, Ask Questions
- Compare prices between pharmacies. Surprisingly, smaller, independent pharmacies (like ours!) often have less expensive prices than larger chains, according to a survey by the U.S. Public Interest Research Group (U.S. PIRG).
- Another surprise: the price for medication through your insurance may not actually be cheaper than the cash price. Ask your pharmacist for the price with insurance and without, and you may find unexpected savings.
- Ask your doctor if a generic medication is available instead of a name brand. Your pharmacist can help with this as well. Generics contain the same active ingredient but are often available at a fraction of the cost.
- Get a larger supply. Sometimes getting prescriptions in a 90-day supply is cheaper per dose than a 30-day supply. You may also save on co-pays, and won’t have to remember to order refills or visit the pharmacy as often.
- Apply for financial assistance. In our area, learn more about the Massachusetts Prescription Advantage program. If you’re eligible for Medicare, you can consider getting Medicare Part D or a Medicare Advantage Plan to reduce your expenses.
Solutions that Work for You
We pride ourselves on providing prescription services and solutions along with exceptional, personalized customer service. If you are struggling to afford your prescription medications, or if you are just looking for ways to save on prescription costs, ask us about options that may work for you.