2 minute read
Compliance Connection
Ways to Save on Prescription Drugs
Submitted by Ginger Huff, Arkansas State Manager, American Fidelity Assurance Co.
In today's economy, everyone wants to stretch their dollars as far as possible. This is especially true when it comes to healthcare expenses, including the cost of prescription medications. If you're not taking steps to save money on your prescriptions, you might be spending more than you need to.
Have you ever gone to the pharmacy to pick up a prescription, only to be hit with a shockingly high price? Stop before you shop! There are alternatives to paying full price for prescription drugs. Here are five tips for cutting the cost of your prescription medications:
1. Ask your physician about RX coupons. Many drug manufacturers offer RX coupons or prescription discounts on their products.
2. Shop around to find a prescription discount program. A prescription discount is a coupon that reduces the cost of your prescription medicine. Many pharmacies and health insurance companies offer discount cards and coupons to help customers save on the cost of their medicines. These discounts are not considered insurance but can provide meaningful savings on the total cost of a prescription.
3. Look at the drug maker’s website to find the cheapest retailer. Prices for prescription drugs can vary widely depending on where you go. Shop around for the best price.
4. Check for generic alternatives. Generic drugs can be much cheaper than their brand-name counterparts, and they work just as well. Talk to your doctor or pharmacist about whether there is a generic alternative to the medication you need.
5. Use your reimbursement account to pay for the lower priced prescription. The cost of the medicine agreed to by the customer and its health insurance provider is an eligible health care expense.
