How to Save Money on Your Prescription Drugs
- 6 years ago
How to Save Money on Your Prescription Drugs
Determine whether your drug is a newer, brand-name drug
that is sold by one drug maker at a premium, or whether it is a generic product that is often cheaper and sold by multiple companies.
GoodRx allows consumers to compare what local pharmacies are charging for a drug (it includes prices
from discount stores like Walmart), while Blink Health quotes a single price that it has negotiated.
GoodRx offers coupons that consumers bring to participating pharmacies, while Blink Health
requires users to pay upfront, then collect their prescription at a nearby pharmacy
Most of the big pharmacy benefit managers (the companies
that manage your drug benefits on behalf of your insurer) allow you to search for drugs on their websites to see what you’ll owe.
Several large retailers, like Walmart and Costco, sell generics at discounted prices,
like $4 a prescription, which may be less than your insurance is asking you to pay.
Determine whether your drug is a newer, brand-name drug
that is sold by one drug maker at a premium, or whether it is a generic product that is often cheaper and sold by multiple companies.
GoodRx allows consumers to compare what local pharmacies are charging for a drug (it includes prices
from discount stores like Walmart), while Blink Health quotes a single price that it has negotiated.
GoodRx offers coupons that consumers bring to participating pharmacies, while Blink Health
requires users to pay upfront, then collect their prescription at a nearby pharmacy
Most of the big pharmacy benefit managers (the companies
that manage your drug benefits on behalf of your insurer) allow you to search for drugs on their websites to see what you’ll owe.
Several large retailers, like Walmart and Costco, sell generics at discounted prices,
like $4 a prescription, which may be less than your insurance is asking you to pay.