Effective Tips for Managing Your Rising Drug Costs
The cost of prescription drugs is constantly on the rise. If you want to avoid the rising cost of your prescription medications, try these 5 simple and effective tips.
5. Go Generic
Before your doctor can write out a prescription, inquire as to whether there is a generic brand of the drug, especially if you know your insurance won’t cover the name brand. Generics are equally as effective and can be purchased at a fraction of the cost.
4. Get Support
Contact your insurance to inquire whether a drug is covered. If it isn’t, gather support to encourage and demand that your insurance carrier covers the cost of the prescription drug. Grassroots pressure can be extremely effective at causing change.
3. Do Your Research
Jump online and use the internet to find the best prices on prescription drugs. The following websites are considered the best for product comparison and the last one offers delivery to your local pharmacy:
- Good Rx
- Consumer Reports Best Drugs for Less
- Blink Health
2. Consider Changing
Review your insurance plan and compare it with other options. You may be paying too little on your monthly premium, which is why your co-pays and out-of-pocket costs are so high. Consider paying a bit more each month for better coverage.
1. Sign Up for Promotions
Talk to your local pharmacy to see if they offer a prescription drug rewards or discount program. You may even go so far as to contact the company that produces the prescription drug to see if you quality for an assistance program.