Best Tools to Minimize Prescription Drug Expenses
Strategies to Save on Rising Medication Costs
If you've been on any prescribed medications for a substantial amount of time, the idea that your medication costs may be increasing this year is probably not news. For instance, among drugs that saw price increases from January 2022 to January 2023, the average increase was 15.2%. So if you paid $100 per month for medication in early 2022, your prices might have gone up to $115 by the same time the next year.
- Medicaid's Pharmaceutical Assistance Program: Discover assistance programs designed to help address the costs of drugs, such as Abilify, and learn about eligibility requirements.
- Discount Cards and Assistance Programs: Utilize manufacturer discount cards and patient assistance programs to save on prescriptions like NovoLog.
- Mail-Order Services: Explore mail-order options for discounted prescriptions and compare prices to find the best savings.
Working prescription prices into your personal finances can be tricky, but with these strategies, you can effectively manage rising medication costs without compromising your health or budget.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.