Friday, June 13, 2008

How to Save Money on your Prescriptions

Always comparison shop if you can.

Unfortunately, people generally assume that they are getting the best deal on a prescription if they only have to pay co-pays. But sometimes co-pays can be higher that the actual cost of the prescription drug.

A very good way to save is asking for the generic brand whenever you can.

Always consult with your physician first to see if a generic brand will be suitable for you.

Consult your pharmacist. They can explain in detail if the generic contains the same ingredients as the name brand drug. The pharmacist can also let you know how generic brands differ from the original if they do at all. This gives you the chance to make an informed decision.

Physicians are often courted by drug company representatives. They are given free samples for their patients to try. Once the patient has tried the product and it works for them they generally begin to ask for the prescription by name. It is usually because the patient begins to identify that name brand with what ails them at the time. Why would they ask for anything different if that product works so well?

If all goes well with your physician and pharmacist. I know a great way you can save money on your generic drug prescriptions.

It’s Wal-Mart. Yes, that’s right Wal-Mart.

Wal-Mart offers many generic prescriptions for only $4 dollars. And they’ve also recently began to offer 90 day prescriptions for $10 dollars.

If you are insured and paying $25 dollar for your co-pay by requesting the generic brand you can save $21 dollars.

If you are uninsured and paying anywhere from $15 dollars and up, imagine how much you can save if you requested the generic brand and only paid $4 dollars per prescription. An even greater savings is $10 dollars for a 90 day prescription.

Visit a Wal-Mart store or go on line and obtain the list of all the generic $4 dollar prescriptions that Wal-Mart offers.

They offer a variety of medications that they have listed in specific categories. Ex. Diabetes, hypertension, Women’s Health, thyroid, mental health etc…

I recommend checking Wal-Mart’s list frequently if your prescription isn’t currently there. Wal-Mart adds new prescriptions and categories as they become available. Hopes this helps you.

Until then save save save!

Footnote – Target has recently added $4 dollar generic prescriptions.

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