In the mail this week, I got a notice from our health insurance about all the changes that will go into effect January 1st. As usual, costs are going up, and one big one that will affect our monthly budget is our prescription costs. There’s one in particular that’s a name-brand (no generic available yet), currently costing us $65/month. The co-pay will rise to $100/month next year, so I’m trying to find ways to save on prescriptions. Here are a few strategies to try:
- Check the manufacturer’s website for coupons and discounts: For our $65 prescription, I googled the name of the drug and found their website. They offer a coupon good for one year that will take 50% off the co-pay price, as long as your insurance is okay with you using coupons. Next time I’m at the pharmacy, I’m going to see if they’re able to apply the coupon to this prescription. That will save us $50/month just on that one drug alone!
- Compare prices at other pharmacies: For generic prescription drugs, it’s worth calling around to other pharmacies to see what they charge; you may be able to pay $3-4 instead of your usual $10+ co-pay. Fortunately, the pharmacy I’m using already charges us the cost of the drug or our co-pay, whichever is lower, so I’ve paid as little as $2 rather than our $10 co-pay.
- Ask your doctor for samples: All three of my kids are asthmatic, so each time we go for their quarterly checkup, I ask our pulmonologist for samples of their maintenance drugs. Since many are brand-name (and therefore more expensive within our plan), those samples save us a month or more’s expense each time. Every little bit helps! Our doctor has also worked to get my kids off allergy meds during the months they don’t need them, giving both their bodies (and our budget) a break.
I’m concerned about how these rising costs will affect our budget for next year, so I’d love to hear from you!
What other ways do you save on prescriptions?
Original image from Charles Williams on Flickr