A trip to the pharmacy may well be a necessity but it can also be expensive, which is why you want to try and find some ways to bring the cost of your prescriptions down to as low a price as possible.
Here is a look at some of the ways you can save money each time you visit the pharmacy.
A pricey problem for many of us
Spending on prescription drugs in the U.S is well over $230 billion every year, and if you are over sixty, you will most likely to be contributing to that figure, with over 70% in that age bracket or older, buying two or more prescription drugs on a regular basis.
People of all ages take medications, so the price problem is not restricted to seniors alone. Managing your medication and the cost of it can be quite challenging, so it makes a lot of sense to try and find some ways to keep costs under control.
This starts by knowing what sort of questions you should be asking your pharmacist.
There to help
Pharmacists are often the face of healthcare for many people and they are also the most accessible in a number of situations.
They are there to help where they can, so there are a number of key questions that you can ask them, which will help you to not only manage your medications in the best way possible, but your questions could also lead to some cost-saving opportunities.
One example of this would be when you ask your pharmacist whether taking one medication might mean that you are able to stop taking another medication as a result.
It is important to ask before ceasing any medication, but it might turn out that your pharmacist will be able to save you money overall, by reviewing the drugs you are taking and seeing if any drugs are no longer considered necessary.
It can sometimes be the case that a hospital might have temporarily prescribed a certain drug, or an alternative, meaning that you could be duplicating your coverage in some way, so check and see if you can cut down the number of drugs, and your costs.
Seeking out a generic alternative
You will probably have noticed that generic drugs tend to be considerably cheaper than a brand name, in some cases the difference can be as much as 85%, another area where your pharmacist may be able to offer some guidance that could end up saving you a fair amount of money.
A generic alternative to a brand name drug can often be just as effective as its counterpart. This makes sense when you consider that the FDA stipulates that generic drugs must have the same active ingredient as a brand name equivalent.
The difference between the two options will invariably be in the inactive ingredients, but for the majority of people, this should not present any issues. Ask your pharmacist whether they can suggest a generic alternative and whether there are any risks to making that switch.
If you are able to switch to a generic alternative to a brand name, you will probably be cutting your prescription costs by a reasonable amount.
Help with paying
It is fair to say that not everyone has the income to be able to pay for the medications they need, so if you are struggling to pay, try and find out if there is some assistance available to you.
It will be worth asking your pharmacist whether they are aware of any patient assistance programs available in the area, and it might be that a local social worker could provide some information and help with filling in forms, if you need it.
Prescription drugs are part of the daily routine for many of us, so if you can find some way to cut the cost of this medication through some form of financial assistance, it is definitely worth pursuing.
It is worth finding out whether your pharmacy subscribes to a discount scheme, as there are some discounts available to those either with or without insurance.
Check out the schemes available as they can offer access to regular discounts. Just be careful with your personal information. Only give out details once you are happy that the discount provider is genuine.
A nationwide service that offers you help and guidance on drug information as well as a discount card option, should help you to search out some ways to save some money on your prescription charges.
Spencer Donnelly writes about personal finance and is always offering up unique ways for people to save some hard-earned money.
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