Last week, Jodi discussed price shopping as a way to save on prescription drugs. This week, she invites you to explore store prescription programs.
Store Prescription Programs
Many national drug stores and discount stores offer a multitude of generic drugs for as low as $4 for a 30-day supply or $10 for a 90-day supply. The formularies or drugs covered, can and do, vary from chain to chain so check to see where, if anywhere, that your prescription is included on the low cost formulary. Bear in mind that some, but not all, of the pharmacies require that you pay an annual fee in order to use their low cost programs—and not all pharmacies will allow you to partake in their discount programs if you are a Medicare recipient. So check around to determine which store or stores will provide the best benefit—and you can find most of the information online at each stores’ website.
The low-cost generic programs might save you money even if you have insurance — the out of pocket cost might be even lower than your co-pay. And, if you’re a Medicare recipient by paying out of pocket for your generic drugs, even if you have a zero dollar co-pay for generics, paying cash at the pharmacy rather than your co-pay may help keep you out of the doughnut hole as the cost of the prescription won’t count against your total drug cost.
Check back next week for more ways to save on prescriptions!