How to Find the Best Prescription Drug Prices
Believe it or not, but prescription drug prices aren’t always set in stone. Shoppers often find that they can get a discount on their medications and may find cheaper medications in different stores. A recent Consumer Reports National Research Center poll of 1,037 adults showed that a third of those who currently take a drug said they experienced a spike in their prescription drug prices in the past 12 months—anywhere from just a few dollars to more than $100 per prescription. With the rising drug costs, people are always looking for a good deal on their essential medications. Even those with insurance may face higher out-of-pocket costs as co-pays and deductibles increase.
Check out these easy ways to find the right deal for your needs.
Try Costco. If you aren’t going to use insurance, Costco has been known to consistently offer some of the lowest prices among retailers.
Support independent stores. You may not think that mom and pop stores will sell items for anything less than the retail price, but this is a common misconception to make. Some real bargains can be found at local independent pharmacies, as well as some higher prices. Another advantage of these independent stores is that people have much more luck asking for a lower price, where pharmacists might have more flexibility to match or beat competitor’s prices.
Always ask. Usually, just asking ‘is this your lowest price?’ can open up a whole new realm of discounts! Prompt the person on the phone or in the store to dig a bit for any available discount programs, cards, or coupons. Check back often, because prices and offers may change.
Talk to your doctor about costs. If the costs are getting too much for you, don’t be afraid to speak up. Doctors likely won’t broach the topic of price, so it’s your responsibility to bring it up.
Compare insurance plans. Make sure you don’t get stuck next year with a plan that no longer covers your medications. Each year, during the open enrollment season, search for a better plan that suits your needs and budget.
The right health insurance can help financially protect you while you improve your health. To learn more about your insurance options, contact Donald Weiss Insurance Services today!