Many people struggle with their finances, especially when buying prescription medicine. This is especially true since medicine prices have been rising lately, and we can do nothing about it. What we can do, however, is to find methods we can use to at least save money when it comes to buying prescription medicine, and luckily for you, that’s what we’re going to talk about today.

In this article, we will talk about some easy tips on how to save money on prescriptions. With some resourcefulness and help from your doctor, we can now minimize the money we spend buying our prescription medicine and stay in shape. Let’s start.

Ask for an Insurance Formulary

If you have health insurance, that’s already a huge advantage for you since it comes with many perks. One of them would be an insurance formulary. If you’re not entirely sure which medications your insurance plan is willing to cover, you can look at your insurance formulary and see if the medicine you’re looking for is one of them.

Insurance formularies are extensive, and they most likely have your medication on hand. That said, if your doctor has given you a prescription medicine, it might be best if you check your insurance formulary first to see if they are willing to cover your medicine.

Purchase Directly From Your Insurance Provider

Yes, you heard that right. Some insurance providers sell some medication. However, only government insurance programs do this most of the time, especially Medicare and Medicaid. Instead of buying from a pharmacy, you can check your insurance provider first to see if they’re selling the medication you want. Buying from your insurance provider directly will let you enjoy huge discounts, copay, or even a cover for them. This is one of the reasons why you should get health insurance today.

Switch to Generics

Generics are essentially a literal copy of brand-name drugs. They have the same formula and ingredients and are approved by the Food and Drug Administration (FDA), meaning they are as safe and effective as their original counterparts. You might ask yourself, “If they are the same, why are brand-name drugs much more expensive?”

This is usually because brand-name drugs do the drug’s research, marketing, and patenting costs. Once the patent has been established, the generic brand can copy the formula and process, which they can sell at a much cheaper price.

If your doctor prescribes a brand-name drug, you can ask them if it’s all right to buy a generic one instead. If they approve, you can opt for a generic brand, saving you a lot of money.

Buy in Bulk

If your doctor prescribes medicine that should be taken for a long time, you can buy it in bulk instead. Pharmacies often run promotions and discounts for people who buy a specific brand of medicine in bulk.

This way, you don’t have to buy your medicine regularly, which can be expensive in the long term. Many chain pharmacies also run 90-day supplies at a huge discount, and that’s not even applying coupons you can usually get if you buy in bulk. Remember, however, that if you buy in bulk, you won’t be able to give back the surplus.

Shop Online

If you have the option to shop online, then you should do so. Why? This is because the online pharmacy industry is very competitive. This means they constantly give discounts and other promotions to entice people to buy in their online pharmacy instead. This way, if you’re looking for your prescribed medication, you can buy them at a huge markdown because of their promotion.

Not only that, but you can also find a lot of discount coupons floating around on the internet. There are also countless guides you can read on the internet that can help you find promotions and discounts that you can use. For example, you can read the BuzzRx Blog to learn where to find their coupons and other tips on saving money on prescription medicine.

Pill Splitting

We have the answer if you have ever wondered why a line is in the middle of a tablet. The line indicates the part where you can split the pill evenly if you want to consume only half the dosage. If your medication has this line, that means you can split them. However, before you do so, you should talk to your doctor first if it’s fine for your condition to only take half the dosage.

Final Words

Medicine prices have been on the rise lately. The unfortunate part of this is that it’s not going down soon. You can do plenty of things to save money on your prescription medicine. You can start by following the above mentioned tips and talking to your doctor about it. There’s nothing better than being healthy but still having your wallet intact.