Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | Webster
Davis Motor Sales banner ad

How To Save On Prescription Drug Costs

DRUGSUS (11/24/2013) - Prescription drugs can be quite expensive, and even those who have health insurance often pay more than they need to. According to a 2012 Consumer Reports "Best Drugs" poll on prescription drugs, Americans routinely take an average of four medications per day, spending nearly $800 on drug costs each year. Those who do not have health insurance may have to pay much more out of pocket.

As expensive as prescription medications can be, there are still ways to save money on prescription drug costs.

Comparison shop

Believe it or not, drug prices vary depending on the time of the year and even the pharmacy. A person can shop around for the most affordable medication just like they would when buying another product. Prescription drug apps enable you to search for discounts in your neighborhood.

Read your bill

Medical coding and billing is not always accurate. Employees entering codes may put in the wrong information, inadvertently charging a person for the wrong medication. Treat your medical bills as you would any other bill and verify that the charges are correct. If you have any doubts, check the drug name with your doctor and then consult with the pharmacy to see if an error was made.

Opt for generic medications

Generic versions of hundreds of brand name prescription drugs are available and typically cost a lot less money. With a generic medicine you are not paying for marketing and advertising costs. These drugs are routinely tested for efficacy and safety. There is really no reason to select a name-brand medicine over the generic alternative, even when it comes to over-the-counter drugs. Ask your doctor on your script to check the box for the generic option.

Use a preferred pharmacy mail-order service

Certain insurance companies have negotiated discounts with mail-order pharmacies and pass on the savings to their members. Medicare and other government-sponsored plans may offer the same type of deal, and consumers can save a substantial amount of money by opting for mail-order service.

Consider big wholesalers for prescriptions

You may think of Costco or Sam's Club as your go-to place to buy 30-packs of toilet tissue, but these retailers also offer discounts on prescription drugs. Even nonmembers are allowed to use these warehouses for their prescription drug needs. Big wholesalers could give you the best deal on your pills.

Skip the insurance sometimes

Consumer Reports says hundreds of commonly used generic medications can be purchased for around $10 for a three-month supply at various major chains. Program details vary, but consumers might be able to save a lot of money by using these programs and leaving their insurance cards in their wallets.

Opt for OTC

In many cases, an over-the-counter medication may be just as effective as a prescription drug. Talk to your doctor about trying an OTC remedy before a prescription is written. Ibuprofen may relieve arthritis pain, and diphenhydramine could alleviate insomnia, all at a much lower cost than prescription drugs.

Prescription drug costs can add up. But there are a number of strategies consumers can employ to reduce the out-of-pocket expenditures on medications.

SurfKY News

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

Started 11/8/2013
Started 11/8/2013
Started 11/8/2013
Started 11/8/2013
Started 11/8/2013
Started 11/8/2013

In Other News...

Owensboro Man Hit by Vehicle

OWENSBORO, Ky. (9/15/14) — An Owensboro man was transported to the hospital for treatment of non-life threatening… Read More

Henderson County Police Reports

HENDERSON, Ky. (9/16/14) — The Henderson Police Department released the following reports. On Sept. 12, 2014, a white… Read More
Started 11/8/2013
Started 11/8/2013

Most Read This Week (Site-Wide)

September 12, 2014 17657

Woman's Body Found in Theater Day After…

in Top Stories by Rita Dukes Smith, SurfKY News Director
September 15, 2014 3760

Man Accused of Stalking Woman During Her…

in Top Stories by GPD PIO Wes Miller
September 13, 2014 3699

MPD Responds to a Disturbance at Baptist…

in Top Stories by Madisonville Police Department
September 15, 2014 3630

Man Accused of Stealing Rural King…

in Top Stories by MCSO PIO Alex Piper
September 12, 2014 2157

Paradise Residents Plan First Reunion…

in Top Stories by Paul McRee, SurfKY News

Most Read Stories from Hopkins County

September 13, 2014 3699

MPD Responds to a Disturbance at Baptist…

in Top Stories by Madisonville Police Department
September 12, 2014 1970

Madisonville Man Arrested for Disturbing…

in Top Stories by Madisonville Police Department
September 15, 2014 1955

Man Arrested for DUI, Carrying Concealed…

in Top Stories by Madisonville Police Department
September 15, 2014 1869

Man Arrested for Being Under Influence of…

in Top Stories by Madisonville Police Department
September 12, 2014 1690

Earlington Woman Jailed for Trying to…

in Top Stories by MPD Officer Matt Sanderson

Most Read Stories from Owensboro

September 12, 2014 1445

Ursuline Presentation 'Spirituality of…

in News by Jennifer Kaminski
September 13, 2014 1162

The Gift of Aging Oct. 16

in News by Jennifer Kaminski
September 12, 2014 1114

Owensboro Police Investigate Accidents

in News by Dennis Beard, SurfKY News
September 13, 2014 1112

Audubon Bon Harbor Area Alliance to Host…

in News by Abby Shelton
September 13, 2014 1096

Dogwood Azalea Neighborhood Alliance to…

in News by Abby Shelton

Most Read Stories from Muhlenberg County

September 15, 2014 3760

Man Accused of Stalking Woman During Her…

in Top Stories by GPD PIO Wes Miller
September 15, 2014 3630

Man Accused of Stealing Rural King…

in Top Stories by MCSO PIO Alex Piper
September 12, 2014 2157

Paradise Residents Plan First Reunion…

in Top Stories by Paul McRee, SurfKY News
September 16, 2014 1810

Postal Worker Arrested for Terroristic…

in Top Stories by GPD PIO Wes Miller
September 12, 2014 1479

Chamber Program Speaker Re-enforces…

in Top Stories by Charles W. Riley II, SurfKY News

SurfKY News Group, Inc. Central Office & Printing Division
1125 Nebo Rd.  •  Madisonville, KY 42431  •  270.452.2249 (fax)
Main Number: 270.452.2727 (phone)  •  Printing Division Direct Line: 270.821.8600 (phone)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social 03social 04social 22social 21social 06