In our nationally syndicated radio show this week we’ll be taking your questions live. Our topic is how you can save money on prescription medications. As with nearly everything else, their prices have been rising. First, we speak with health and medicine investigative reporter for Consumer Reports Lisa Gill about five ways to save on prescription drugs. How many of her tips have you tried?
In her article for Consumer Reports and her interview with us, Lisa Gill mentioned a number of new entries in the online pharmacy space. In addition to Amazon and Costco.com, bargain hunters may want to check prices at ScriptCo Pharmacy, Honeybee Health, Mark Cuban Cost Plus Drug Co. and GeniusRx. Keep in mind that purchasing medicines outside your insurance plan usually does not count toward the deductible.
GoodRx offers coupons for drugstores in your area. The comparison prices can be especially helpful in deciding where to shop. While many prices tend to be similar, we have been surprised by some large price differences between chains.
Walmart and Walgreens have discount programs. If you must buy medicines regularly, especially if your insurance doesn’t cover them, you might benefit from one of these. Your usual pharmacy might also have a discount program that would be worth checking.
Don’t overlook the possibility of discounts on generic drugs through your insurance. Some plans offer pharmacy discount cards so long as you use participating pharmacies.
Most of the previous ideas work for generic drugs. While about 80 percent of the prescription medications we take are generic, brand name drugs can be far more expensive. Some pharmaceutical manufacturers have programs to help people with pricey copays or even to help low-income patients without insurance.
We’d love to hear your stories about saving money on prescription drugs. Send an email to firstname.lastname@example.org or post to our Facebook page. On Saturday morning (July 16, 2022), you can give us a call between 7:15 and 8:00 am EDT: 888-472-3366.
Lisa Gill is a Health & Medicine Investigative Reporter at Consumer Reports. Her article is: 5 Ways to Save on Prescription Drugs - Consumer Reports.
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