If you’ve ever thought that you’re paying too much for your prescription medications, you’re probably right according to this Consumer Reports article. Even those who have a standard medical insurance program that covers prescription drugs are paying higher prices than ever. Fortunately, there are many ways you can cut down your prescription drug costs without sacrificing your health and well-being.
Asking Your Doctor for Samples
Communicating with your doctor can help get the point across that you’re having trouble paying for your medications. Your doctor may offer you a month or two of free samples of medication or coupons to cut down on your out of pocket expenses. According to this article from the FDA, you can also ask your doctor about alternatives to pricey products. Show your physician your Medicare Part D prescription savings drug plan information to see if the medications you need are part of the plan.
Using Mail Order Services
Shopping through mail order pharmacy services can save big bucks on your prescription drugs, explains this Huffington Post article. Ask your doctor to write a 90-day supply with refills for your medication. You can send in your prescription by fax, mail or electronically to an online or mail-order service that participates in your Medicare Part D plan. Mail-order pharmacies don’t have as much overhead, so they can charge less money for the same medications. You can also enjoy the convenience of having your medication show up at your doorstep instead of having to head out to wait in line at a retail pharmacy.
Requesting Generic or Formulary Drugs
One way to cut down your out-of-pocket expenses for prescription drugs is to request generic medications instead of name brand. According to this feature from WebMD, choosing generic over name brand medications could save as much as 80 percent when it comes time to pay. Another way to save on your medication costs is to check with your insurance benefit program about its prescription drug formulary. A formulary is a listing of medicines that the insurer has contracted to provide at a discount. Choosing these medications over non-formulary drugs may also result in a significant savings. Combine generics or formulary drugs with a Medicare Part D prescription savings plan for the best level of savings.
Participating in a Prescription Drugs Saving Plan
If you enjoy the interaction with your pharmacist as well as the personalized services that you’ve come to expect at your favorite pharmacy, Medicare Part D plans are a good option to help cut down on your medication costs. Many independent and national chain pharmacies participate in these savings plans. You’ll likely find that most or all of the medications you need are discounted by these benefit programs. In addition to the savings you enjoy from your Medicare Part D program, you may get additional benefits or discounts from the pharmacy by using a customer loyalty card when you pay for your prescriptions.