Did you know Americans spend more on prescription medications than any other developed country? It’s true, Americans spend an estimated $1200 per year on prescription drug prices, a number that is only increasing every year.
While this may not be a concern for some, many people are living paycheck-to-paycheck and drowning in an overwhelming amount of debt. This means many people are struggling to pay for medicine that provides relief from debilitating conditions and pain.
Fortunately, saving money on your medications doesn’t have to be an impossible task. By thinking creatively and using a few tips and tricks, you can get the life-saving medication you need at a reduced cost.
If you want to save money on your prescriptions but aren’t sure how, this short and simple guide is for you.
1. Opt for Generic
One way to save on common prescription drugs is to opt for generic. For many medications, the generic brand is just as effective at a fraction of the cost. Switching to generic can save you hundreds of dollars over the course of a year.
2. Shop Online
One of the best actions to take when looking for savings on your prescriptions is to shop online. By shopping online, you can benefit from reduced rates for your same medication. This is because online pharmacies cut out the middle man and pass those savings on to their customers.
3. Compare Prices
While it may be tempting to use the closest pharmacy to your home or work, it might be costing you extra money. For this reason, it’s essential to compare prices before buying your medication. Call around and find the best price before filling your next prescription.
4. Use Discount Pharmacies
A great way to find discount prescription drugs is to use discount pharmacies. Some companies, like Costco, Walmart, CVS, and more, offer discounts to their customers. This is a great way to save money without much effort.
5. Apply for Assistance
Did you know there are medicare prescription drug plans that can help you save on your prescription costs? It’s true, there are a variety of programs that are designed to reduce the price of your prescription drugs. See if you qualify for a program, discount cards, and more to reduce the costs of your prescriptions.
6. Talk to Your Doctor
A great way to reduce the costs of your medications is to talk to your doctor. By explaining your situation, your doctor can help you come up with a solution for your prescription cost problem. Your doctor may prescribe a more affordable medication, give you a 90-day refill instead of 30 or 60-day, or enroll you in an assistance plan.
Use These Tips to Reduce Your Prescription Drug Prices
By using these tips, you can reduce your prescription drug prices.
Start by opting for generic over the expensive name brands. You can also shop online, compare prices, and use discount pharmacies. Consider applying for assistance and talking to your doctor for more ways to save.
Follow these tips and you’ll be well on your way to saving money on your prescriptions.
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