In 2021, experts anticipate that money spent on prescriptions will increase to $610 billion a year.
It’s no secret that buying medicine can get really expensive, and if money is tight, you may wonder how you’re ever going to be able to afford it.
Don’t worry though. There are several different ways you can save money on prescriptions. Check out our guide right here to learn more.
1. Try Generic Brands
The first thing you can try is to get generic brands.
Some of these drugs are for purchase from the US, and they still have the same active ingredients as the name brand stuff.
You can always ask your doctor or the pharmacist if there is a generic brand version. If there’s not, you can ask if there’s a similar drug with a generic version.
2. Purchase a Larger Dose
If there isn’t anything like a generic brand for the medication you need, you could always get a larger dose.
Sometimes larger doses cost more, but they’re less expensive per pill. Some prescription medications can be divided with a pill splitter, so you get a double dose out of it.
For example, you could buy a prescription that is 10 milligrams per pill but then split it to get the 5-milligram dosage you were prescribed.
Before you do this, you should make sure that the medication can be used while splitting.
3. Know Your Insurance
Before you go to the pharmacy to buy a prescription pill, you should make sure that you know your insurance.
Whether it’s a government-funded program or through your employer, you should know how much you’ll be expected to pay. Sometimes you may get charged more or realize that it’s cheaper if you get a different drug that can treat the same thing.
If you check out their website, you should be able to figure out what your copay should be.
4. Shop Around
Before you buy a prescription at a certain pharmacy, you should shop around to see if it’s offered cheaper somewhere else.
Some pharmacies will buy drugs directly from the pharmaceutical company. If a pharmacy uses a middle man, this could also make the prices more.
You can call the pharmacy ahead of time or use some websites to figure out where the best and cheapest place to buy the prescription would be.
5. Talk to Your Healthcare Provider
Lastly, if those tips don’t work, you can always talk to your healthcare provider.
Let them know that you prefer generic drugs or a lower-cost drug, and they’ll try to work with you to make sure you can afford your prescriptions.
Learn More About How to Save Money on Prescriptions
These are only a few things to consider when figuring out how to save money on prescriptions.
At the end of the day, talking with your doctor and pharmacist can really help you save some money.
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