Strategies to Reduce Prescription Medication Expenses

Monday, 25 March 2024, 15:00

Learn how to save on prescription medication costs with these six unexpected tips. From utilizing discount programs to exploring generic alternatives, these strategies can help you manage your prescription expenses effectively. Taking control of your medication costs is essential for maintaining your health and financial well-being.
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Strategies to Reduce Prescription Medication Expenses

Six Unexpected Ways to Save on Medication Costs

More than 1 in 3 Americans surveyed say they have trouble paying for prescription medications. These tips can help. Image source: Getty Images

  1. Check out Mark Cuban's prescription drug company
    • Cost Plus Drug Company purchases drugs at cost and adds a small markup to offer affordable prices.
  2. Split pills
    • Consult your doctor about prescribing double the dose so you can split pills and make the prescription last longer.
  3. Get to know discount programs
    • Utilize discount programs like RxAssist or NeedyMeds to find lower prices on your medications.
  4. Consider Medicare Part D
    • For those 65 and older, Medicare Part D can provide cost-effective drug coverage.
  5. Ask about generics
    • Switching to generic drugs can save you money without compromising quality.
  6. Explore other brand options
    • Look for less expensive brands or alternatives if your current medication is unaffordable.

There is currently little we can do to control the high cost of prescription medications. However, we do have some tools at our disposal to help manage those costs.


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.

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