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Save on Prescription Drug Costs

By (view all posts by SavingsIQ)
at 11:56AM Monday June 13, 2011
under Money Saving Tips

Ah, prescriptions. Most of us have to get them and some of them come at a premium price. As we get older, the amount of prescriptions we have to fill tends to add up. What are some ways you can get discounts on drugs?
RxSavingsPlus: This free discount card offers an average of 22% in savings on a array of prescriptions. All you have to do is print out the card from your computer and take it to your pharmacy, including CVS, Target, Rite Aid and thousands more. Drug Card America is another similar program you can use. Generally, prescription discount cards have restrictions and you may have to call your pharmacy to make sure it works. I tried using a discount card once and it ended up taking way too much time to process PLUS it wasn't really that much of a savings after all. I believe the discount was around $5.

Go Generic: Like other products you may purchase in stores, drugs are the same. I'm a fan of generic prescription drugs. They work the same at a fraction of the cost. Tell you doctor to prescribe you the generic version of the drug. Trust me, instead of paying $60 a month, you could be paying $25. That's a 58% discount and it's the easiest way to go.

Walmart: If you are lucky enough to live near a Walmart, check out their $4 prescription program. If you don't live close to a Walmart, don't worry. They have a home delivery program that will mail a 90 day supply right to your door for $10. $10 for 3 months is quite cheap! Of course, the prescriptions that Walmart dispenses are generic versions, so make sure your medication comes in a generic alternative.

Target: Yes, Target has a $4 prescription program too. Same deal as Walmart, generic meds for $4 a month or $10 for 3 months. You can check out their comprehensive list of generics to see if yours qualifies.

Doctor's Samples: Ever sit in a doctor's exam room and notice all the sample boxes? These are given to them by pharmaceutical reps and drug companies so they can give to their patients to try. That means it's at no cost to the doctors or to you. All you have to do is ask. Tell your doctor that you're low on funds and could use some help with your prescriptions. More often than not, the doctor is happy to help out. Samples are great too because you can try a new medication and see if it works better than your current one.

Patient Assistance Programs:  If you don't have insurance to cover a necessary medication, there's a chance that the drug manufacturer can lend a helping hand.  Many pharmaceutical companies have patient assistance programs to provide free or low cost medication to people who can't afford the costly prescriptions.  RxAssist.org has a comprehensive listing of companies with patient assistance programs.

What are some other ways you save on prescription medications?