Over 66% of adults use prescription drugs. That’s over 131 million individuals who need to pay for their prescriptions.
And a lot of these adults are wasting their money on brand names without taking the time to look for cheaper drugs.
If you’re reading this and thinking, oh, that’s me, then keep reading the following tips to learn about alternatives to drugs that will help you save money!
1.) Go Generic
Many times, when a doctor prescribes you a medication, it will be a brand-name drug. Birth control, anti-depressants, high cholesterol medications, migraine medications – the list goes on. Every generic drug has a brand-name drug that is usually more expensive.
Sometimes your pharmacy or insurance company will take the lead and find drug alternatives that will save you money. Other times, it is up to you to find the generic brand alternative by researching online or asking your pharmacist or doctor.
Do your due diligence to ensure that the generic brand is just as effective to treat whatever medical issue you are dealing with. The most important part of the ingredients that need to match is the active ingredient.
2.) Shop with a Trusted Online Pharmacy
Different pharmacies have differing prescription deals and prices. Some pharmacies may offer a drug for $4.50, while another pharmacy down the road offers it for $140.
Knowing which pharmacy’s prices are better will help you to save money, which is crucial to your long-term savings and ability to continue the medication.
Most of the time, local pharmacies have better deals on prescriptions. Before picking up at a chain drug store, call around and ask your local pharmacies what prices they would charge for each drug.
Many online pharmacy options will also give you great deals on any prescription drugs you need. You can find cheaper drugs that still do the trick!
A great time to find an online pharmacy is when you do not have great insurance to cover your prescription drugs.
There are a few different types of online pharmacies, so it is important to understand the risks associated with each before purchasing a prescription drug. Always make sure to do your research on local laws, government approvals, and reviews on the pharmacy.
3.) Review the Medication Choices
Some medications prescribed by doctors do not have any alternatives. However, there are many alternatives to drugs prescribed by doctors.
It is always important to do your own research after a doctor visit since everyone’s insurance differs. The doctor prescribing may not know which insurance you have and will prescribe what they think is best for your needs.
If you wait to have the prescription filled at the pharmacy, you can ask if there are cheaper alternatives to a specific drug but would still be effective. The pharmacy will give you a list that you can choose from or the only option they have.
Don’t feel comfortable waiting to fill a costly prescription and then asking? Call your insurance provider and ask for alternative options for cheaper drugs. They will provide you with a list, and you can go back to check with your doctor to make sure they will be effective.
Because some alternative drug options may not have the same ingredients, it’s important to check with your doctor if it will still be effective. If it’s not going to work with your medical condition, it may be best to pay more money to stay healthy and well.
4.) Use Rx Coupons
Everything in life has some sort of coupon that could be used to save you money. It’s no different with prescription drugs!
Before purchasing a prescription, look for coupons and coupon programs to save on your drugs.
Many doctors have access to coupons that will save you money on your prescription drugs. When prescribing a drug, they may give you a card for future use at the pharmacy.
Other times you can get a coupon directly through the drug manufacturer. You can go right onto their website and search for coupons they offer to save money.
Most generic drugs do not have coupon savings since they are already cheaper drugs. Although this may be the case, it doesn’t hurt to research to find out if you could be saving more. It also works the other way around – you may want to search if the brand drug with a coupon is cheaper than the generic.
5.) Choose the Right Insurance Plan
Choosing an insurance plan is never easy. You have to take into account deductibles, out-of-pocket maximum spending, doctor visit prices, copays, and prescription drug prices.
Depending on what you need, it may be beneficial to look at the brand name versus generic name prices. It’s also just as important to know what drugs you take to figure out how much you would be spending.
If you take a lot of prescriptions, it is best to find an insurance plan that has a higher monthly payment but has lower prescription costs. Although it is more up front, it will save you money.
Go Research Alternatives to Drugs
After reading this article, you may be going through the list of prescription medications that you have bought for the past couple of years or the past couple of decades. And the list is probably much longer than you had hoped.
Now that you know there are alternatives to drugs you have been taking don’t waste any more time! Stop wasting money!
Check out our drug alternative search to find cheaper drugs and start saving money!