How to Cut Down on Prescription Costs

Tips for Saving Money on Over the Counter and Prescription Drugs

May 19, 2009 Mario Carini

With markups of as much as 2000%, many families find it difficult to afford the drugs they need to stay healthy. But there are methods that can help the family budget.

In today's economic climate many families are searching for ways to save money, cutting down on food expenses, traveling locally, eating out less and cutting back on unnecessary luxuries. One of the areas least looked into for savings lies in prescription and over-the-counter medications. With the proper approach, the savings can be substantial without the need to sacrifice health. One of the best ways to save is to look for healthier and natural alternatives to cure illness as they can often be less expensive than many standard drugs on the market. However, if drugs must be prescribed there are some ways to cut back and save money.

Generic Drugs

Generic drugs often have the same chemical composition than many name-brand drugs. Pharmaceutical companies regularly send their representatives to doctors' offices to sell the most expensive and newest drugs. The doctor likely prescribes them regularly though generic drugs can do the same job. Asking the doctor for a generic version can save a good deal in health care costs. A check in The Pill Book will often help find a generic equivalent to a popular prescription drug.

Ask for Samples

Many doctors and hospitals regularly get samples of new prescriptions that they can pass on to their patients. Before accepting a prescription, ask if there are any samples available. A number of patients have been able to secure as much as a month's supply of antibiotics and other pharmaceutical drugs at no cost. Check with pharmacies as they also may be able to pass on samples. They are less likely to pass on drugs, but they often have samples of antihistamines, allergy medications, and OTC drugs to treat headaches, acid reflux and other common ailments all of which can be free to try.

Use Coupons and Rebates

Food products aren't the exclusive domain for coupons. Check the newspaper flyers for coupons offering discounts on cough suppressants, allergy medications and other items that can produce considerable savings. Doctors and pharmacist often have coupons and rebates available just for the asking. Another source to find discounts and coupons can be found at drug manufacturers' websites. Coupons can often be requested by mail or downloaded and printed out at home.

Comparison Shop

Call a number of pharmacies to find the best prices on a product you're looking for. The base price can vary from one pharmacy to the next. Those who have drug coverage don't need to do as much shopping. But shopping around can save a good dollar.

Buy from Mail Order Pharmacies

Many insurance companies promote this way of filling drug prescriptions. Check first with the insurer for their recommendations. Some people have secured as much as a three month supply of their prescription needs at the cost of a single month's prescription. However, be aware that there are advertising and email solicitations that offer drugs at high discounts. They may not be reputable sources. Research is necessary before making any purchases of drugs that have been promoted by email.

Cut a higher prescription

It may be feasible to cut a higher strength tablet in half rather than buy the regular strength variety. Consult the doctor or pharmacist if this option is available. Often, pharmacists will split pills at an added cost. This cost can be sidestepped by investing in a pill splitter and doing the job at home.

Sign Up for Discount Cards

Many pharmacies offer discount and membership cards for seniors and those with disabilities. Some organizations such as the AARP or even car insurance companies offer discount cards. Membership can be free or offered at a price. They can save more on purchases made at the pharmacy on more than just medication.

Hardship Programs

Drug manufacturers such as Pfizer or Merck have programs targeted for those who don't have the budget to meet drug expenses. These hardship programs can translate to free or reduced-price medications. By merely asking, the savings can be substantial.

The cost of drugs should not keep the family financial budget immobilized. Taking the right steps can save a good deal of the money that could be used to pay those other expenses and provide the peace of mind that health is not compromised.

The copyright of the article How to Cut Down on Prescription Costs in Health Field is owned by Mario Carini. Permission to republish How to Cut Down on Prescription Costs in print or online must be granted by the author in writing.

You Don't Need to Pay High Prices to Stay Healthy

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May 19, 2009 11:55 PM

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