Are you overwhelmed by how much you end up spending on prescriptions each month? Are you wondering if there’s a smart way to save on prescriptions?
Americans spend an average of $1,200 per person per year on prescription medications. Cheap prescriptions may seem difficult to find, and you may realize that you’re spending far more of your paycheck on medications than you ever thought you would.
Yet it’s possible to save money on prescription drugs if you know where to look.
Here’s what you need to know.
Online pharmacies, such as PricePro Pharmacy, offer quality medications for a fraction of the price. They can allow you to buy in bulk, which will save you some cash. You can also order prescriptions for everyone in your family at the same time.
Ordering your medications online means that you won’t need to leave the comfort of your home to get what you need. And it’s easy to get refills and keep track of your receipts.
Alter Your Insurance
Many insurance plans include some prescription drug coverage. You’ll want to check your insurance annually and see if your regular prescriptions are covered.
If you’re paying too much out of pocket for prescriptions, you may be able to alter your plan so that you get additional coverage for insurance. Medicare, for example, has add-on prescription plans that may cost you a few dollars more a month. However, they could end up saving you big money in prescriptions each year if you’re buying a lot.
Ask For a Generic Brand
Believe it or not, there may be a less expensive version of the drug you’re taking. Generic brands have the same active ingredients but come at a lower cost to you. If you’re looking to save a bit of cash, ask your doctor to suggest generic alternatives that can help you afford them.
Your employer may offer a Health Savings Account (HSA) as part of your health insurance plan.
HSAs allow you to keep more of what you earn, and give you a better way to pay for your prescriptions.
Like an HSA, an FSA allows you to put aside money each month that’s tax-protected and can be used to pay for medical expenses. The difference is that an HSA is owned by you rather than your employer. With it, you can roll over any funds you don’t use from one year to the next.
Use a Coupon
Sometimes, manufacturers will provide coupons, especially if the drug is new. Your retail pharmacy may also offer them. Be sure you look online for available coupons before you spend money on prescriptions.
Save on Prescriptions
The cost of prescriptions can really add up. Fortunately, today’s marketplace offers a number of ways to save on prescriptions that can help keep your costs low. Your wallet will be thanking you for years to come!
Don’t stop getting smart about your health and well-being now. For more great advice, read our blog today.