Even with a good health insurance plan, you may have noticed that some of your prescription medications are still very expensive. When it comes to medicine that you’ll need to take on a regular basis, it can be beneficial to find the possible ways to cut down on these costs. Some of these ways include:
Making sure the medication is covered by your plan
You can’t automatically assume that all prescription drugs will be covered by your health insurance plan. If your doctor has prescribed you an expensive medication that you have to pay out of pocket for, ask if there are any alternatives you could take that are, in fact, covered by your plan.
Asking for the generic version
You may automatically receive the generic version, but in case you don’t, ask about it ahead of time. Most of the time, the generic version of a drug is chemically the same as its expensive brand name counterpart. The effects will be the same, but the price will be much lower.
Ordering online through a verified pharmacy
You might be able to find a better deal online for your medication, but make sure it’s VIPPS-verified. These online pharmacies follow all the same protocols as your local pharmacy, so they are legal and safe, and might save you some money.
Obtaining samples first
Depending on what your condition is or what you need medicine for, you may end up testing out several different prescriptions before you find something that works well for you and alleviates your symptoms. Instead of wasting money by filling multiple prescriptions, ask your doctor if it’s possible to receive samples first, which may come at no cost or at a much lower cost than a full prescription.
Do you need cash now to pay off bills, take care of medical debt, or pay for healthcare expenses? Peachtree Financial Solutions may be able to help if you’re receiving structured settlement or annuity payments. You can sell some or all of them to us and receive a lump sum of cash now. For more information and to receive your free quote, contact us today!
Nothing above is meant to provide financial or tax advice. You should meet with appropriate professionals for such services.