IDEAS FOR SAVING ON PRESCRIPTION DRUGS
Prescription drugs can be very expensive and it pays to shop around. Please note that all prescriptions you run through your insurance plan go towards meeting your annual out of pocket maximum. If you buy your RX direct paying cash, you miss out on this benefit. With that said, if you are at no risk of reaching your medical out of pocket maximum, and want to pursue discounts on prescription drugs, here are a few tips:
1. CHECK WHAT THE INSURANCE PAYS FIRST
If your plan has a $30 copay for Generic drugs, and you can buy it at Fred Meyer's under their $4.00 plan, know your options, check around. Some insurance plans have preferred pharmacies that will offer you lower costs.
If you have a name brand drug, ask your Pharmacist to recommend a generic that may save you money.
2. CHECK ONLINE COMPARATIVE RX TOOL
A useful website I was told about to shop prices is http://www.goodrx.com
I'm just passing on a client tool here, not recommending the site.
3. ENROLL IN THE FREE OREGON PRESCRIPTION DRUG PROGRAM
This is a free program available to all Oregonian's, even those with insurance.
It may offer you a better discount than what the Insurance company offers.
You can order a free card at the state website:
4. CHECK OUT YOUR GENERIC DRUGS AT THE PHARMACIES THAT OFFER A $4.00 PROGRAM
Keep in mind each pharmacy may have different drugs on their lists, so check a couple out before you decide on one. Paying cash for your prescriptions may partner up well with a plan like an HSA Plan that has the prescription drugs subject to the deductible.
FRED MEYERS $4.00/30 day, $10.00 90/day DRUG PROGRAM:
TARGET $4.00 PROGRAM
WALMART LIST OF $4.00 DRUGS:
WALGREENS $12.00 for 90-day Supply List:
WHAT IF YOUR DRUG IS NOT COVERED?
If you have that uber-expensive drug, or the one that isn't covered under your medical plan, check with the drug manufacturer to see if they have a special program to help with the costs.
DISCLOSURE: I do not represent these companies, nor am compensated for recommending these resources. I also am not offering any advice on medical matters. Consult your physician before taking any prescription medication or changing prescriptions. The rates drugs listed online are subject to change and should be verified at the pharmacy.
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