How to Save Money on Prescription Drugs

Posted by on March-6-2009 under Save Money

1) Always go for Generics: This is the best way to save money on prescription drugs. Generic drugs are much much cheaper than their brand name counterparts. Generic drugs have same quality as the brand-name drugs. The following is a direct quote from FDA website:

Are generic drugs as effective as brand-name drugs?

Yes. A generic drug is the same as a brand-name drug in dosage, safety, strength, quality, the way it works, the way it is taken and the way it should be used. FDA requires generic drugs have the same high quality, strength, purity and stability as brand-name drugs.

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So, always ask your doctor to prescribe generic drugs, and not brand names. Check out Wal-Mart and other pharmacies for your generic drug price – many generic drugs are now being offered for just $4 per month. So, just going with generics would save lot of money. (Like this article? Click here to be notified via email when a similar article is published)

2) Get Manufacturer Coupons: Many a times, manufacturers offer some discount coupons for their medicines. There are three possible places to get such coupons from:

  • Ask your doctor if he has such drug discount coupons that manufacturers might have provided to him
  • Check the manufacturer’s website, as some coupons might be available there.
  • Check other coupon websites. My personal favorite is Internetdrugcoupons.com. This provides manufacturer coupons for lots of drugs, and all the coupons are available completely free of cost.

3) Get a Discount Prescription Card: A Discount Prescription card provides discounts on almost all the drugs. Discounts typically range from 10% to 40%. Such discount prescription cards cannot be used in conjunction with Insurance. These cards can be obtained from lot of pharmacies for a small fee (like $10 per year). They can also be obtained for free from AAA if you have a AAA membership. Internetdrugcoupons.com also provides a free discount prescription card at its website that can be downloaded and used for free. (Like this article? Click here to be notified via email when a similar article is published)

4) Split your Dosages: This tip can quickly reduce your drug costs to half, literally. Some tablets can be broken into halves to achieve desired dosage. For example, if doctor wants to prescribe you 10 mg tablet, then you can request him to prescribe a 20 mg one instead. Then you can break the tablets into halves so that you still take the dosage of just 10 mg. The best part if that the price difference between 10 mg and 20 mg drug would be almost negligible, so your drug cost would essentially be reduced by 50% !! (Like this tip? Click here to be notified via email when a similar article is published)

5) Compare prices at different Pharmacies: It is very likely that different pharmacies might be selling same drug at different price. So, call them up and check up the price. This would ensure that you buy from the cheapest one.

6) Get free samples from your doctor: If doctor prescribes you some expensive drug, ask doctor is he has some free samples. He would be happy to pass those to you.





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5 Responses so far.

  1. Anonymous says:

    Very informative article.

  2. zzboy says:

    I have been using DesktopBudget.com to manage my personal finances for a few months now. Its the easient to use free, offline personal finance manager I have seen so far.

  3. Helene says:

    Thanks for your contribution to Take Charge of Your Health Care Carnival. These are great tips for saving money on prescription drugs.

  4. Hi, Thanks for joining us for the Seniors & Bloomers Blog Carnival at SandwichINK – http://tinyurl.com/cudrpu . We appreciated some great tips. I have had AAA for years and never thought to try using them to save on prescriptions. You can bet I will next time I need one :)

  5. Helene says:

    Thanks for your contribution to Take Charge of Your Health Care Carnival. This advice will help patients save money on prescriptions.

    Recent blog post: Take Charge of Your Health Care Carnival March 26, 2009


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