How to Reduce Prescription Drug Costs

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How to Reduce Prescription Drug Costs

Prescription Drug

Inflation has left everyone speechless, affecting people’s ability to afford necessary items and maintain their quality of life. However, it has had an even more significant impact on patients since the rising inflation has also resulted in increased medication costs. People cannot receive proper health care treatments for their conditions, affecting their overall well-being.

However, there are some ways to reduce the cost of your prescription drugs.

 

Opt for Generic Medications

Due to marketing tactics, we’ve been psychologically trained to believe that only brand-name medications work well and should be our first choice. In reality, generic medications prove to be just as effective in treating illnesses as brand-name ones.

 

The only difference between the two is that the inactive ingredients in generic medication vary, but they’re apt enough to treat illnesses. In fact, most prescription insurance plans also prefer generic medications since they do the same work for a fraction of the price.

 

Ask for Different Medication Choices

While your doctor might not tell you this, there are oftentimes more than one medication options available to treat the same illness. When your healthcare provider prescribes the medication, go to your local pharmacy and ask them for the alternatives that most insurance companies generally cover.

 

Sometimes, this little strategy can help you save hundreds of dollars without compromising the quality of your medication.

 

Go to Different Pharmacies

As unbelievable as this might sound, different pharmacies charge different prices for the same medicine. Depending on where the pharmacy is located, Lipitor and Atorvastatin cost $4.50, but some pharmacies can charge as high as $140.

 

That’s why take a trip around the neighborhood and inquire how much others are changing for the same prescription drug before you take the plunge.

A bunch of prescribed drugs

Patient Assistance Plans

Most healthcare insurance plans don’t offer coverage for medication, which can burn a hole in your pocket. That’s why looking for Patient Assistance Programs is the best plan. Many brand-name drug manufacturers offer this service, but it’s only limited to medicines of their brands.

 

If you’re looking for an all-rounder Patient Assistance Program that offers financial assistance to fill prescriptions of all types, contact Advocate My Meds. We’re a full-service prescription assistance organization that provides financial assistance for various brands, including Johnson and Johnson, GSK, Pfizer, Lilly Cares, Abbvie prescription assistance, etc.

 

Contact us now to learn more.