Saving on Prescription Drugs – Part 4

by Jodi Furman | December 28th, 2011 | Shopping Secrets

This is the last installment in a four part series covering Jodi’s tips for saving on prescription drugs.

If you are a Medicare recipient, you should both ensure that the drug coverage plan that you choose during the open enrollment period at the end of each calendar year is the most appropriate one for the prescriptions that you’re currently on—you can check whether your drugs are covered by checking each plan at medicare.gov. Additionally, you can and should contact the Social Security Administration to see whether you qualify for what’s called “Extra Help,” a sliding scale, income-based program that provides additional funding to help cover your prescription drug costs—you can even determine whether you qualify and apply online— check here: http://www.socialsecurity.gov/prescriptionhelp/.

A consortium of drug companies has banded together to help those who need assistance in paying for their prescriptions—you can find details about prescription assistance at PPARX.org. If you cannot afford your prescriptions, it’s worthwhile to apply to receive discounted and possibly even free prescriptions directly from the manufacturers themselves.

Regardless of which savings method you choose, please ensure that you let the pharmacist know about ALL of the medications, including over the counter medication, vitamins and supplements—that you’re currently taking to ensure that they’ll be able to ward off any potential drug-to-drug interactions. Saving money on necessary medications is fabuLESS, while ending up hospitalized or worse from a drug-to-drug interaction is NOT.

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