With the ever-increasing cost for healthcare services, it is in our best interest to save wherever and whenever we can. According to research conducted from the Kaiser Family Foundation (KFF) even though spending on prescription medications in 2017 decreased at first in a few years, overall spending over the past few decades has increased drastically.
What is the exact amount? The year 1960 was the median cost of prescriptions was $90. Then, we come to 2017, and the figure was $1,205 per person. In addition according to the KFF 1 out of four people have difficulties paying for Rx treatment. This is especially true when you do not have health insurance to begin with.
In order to keep the price of prescription medications lower, consider discounts and apps that will help you save. We’ve compiled the top ones we like:
GoodRX
GoodRx can save you around 80% off the cost of your prescriptions. Additionally you can find more than 1,000 prescriptions that cost less than $10. The process works as follows you download the app to register an account. Then, you look for a prescription, and then search for the price that is discounted in nearby pharmacies.
Cost GoodRx offers an unpaid subscription plan as well as Gold plan. The Gold plan costs $5.99 monthly for individuals and provides the most substantial discount on prescriptions. The Family plan is also available that costs $9.99 monthly. The primary difference between Gold plan and the Family one is you are able to add up five family members into the Family level.
Easy Drug Card
Are you unable to get insurance for your health? To cut down on the cost of out-of-pocket expenses You can locate and print the Easy Drug Card on its website. The good thing is that there is no sign-up needed. You can utilize it at more than 60,000 pharmacies throughout the U.S. for lower medications.
Beyond human prescriptions You can also look up and save money on medicines for your pet. However, there is one restriction: You cannot make use of Your Easy Drug Card in tandem with insurance cards So it’s either only one of them. To figure out which one will bring you the most savings, you must do your research to figure out what makes best sense in your budget.
Cost: Free.
scriptSave Well Rx
ScriptSave WellRx is identical to GoodRx in that you can get up to 20% discount at participating pharmacies across the U.S. There are more than 65,000 pharmacies participating.
In addition that the registration process is slightly simpler than GoodRx. You can get your card via text message, email or download directly from the site.
Cost: Free.
Costco Member Prescription Program
If you’re a Costco member and do not have health insurance or your health insurance plan doesn’t completely cover your medication You can save money on prescriptions by enrolling in the Costco Member Prescription Program (CMPP). The savings range from 2 to 40 percent, and add your pets as dependents. So, you can reduce the cost of medications for your pets.
Cost is Free for members. To be Costco Costco member, you pay $65 per year. This is reduced to $5 per month.
Walgreens Prescription Savings Club
The leading pharmacy chain offers an exclusive discount plan to help with prescription medication. With it, the Walgreens Prescription Savings Club you can get up to 80 percent off the retail cost of preventative, pet and lifestyle medicines. There are around 9,000 locations across the 50 states. If you are close to an Walgreens You might want to join a discount program on your medication.
Cost 20 dollars per person or $35 for an entire family plan.
CVS ExtraCare
CVS’ discount plan also provides discounts on prescription drugs. If you sign-up for the program’s ExtraCare Health and Pharmacy Rewards program, you earn points for rewards when you buy an annual subscription, get an influenza vaccine or enroll in medical management services or when you sign up with a different member of the program. You can earn as much as $50 per year in ExtraBucks Your balance is reset at the end in the calendar year.
Cost: Free. If you sign up you will have the option of receiving a reward of $5 in the form the form of a CVS credit or the Target Gift Card.
In addition to looking into discount prescription plans Here are some tips for saving money on your prescriptions
Compare cost. If you are using a prescription discount card, it could be beneficial to download several different cards, or perform an initial search for drugs as well as the amount you can save on, and the pharmacies that are part of the network.
It doesn’t matter if the drugs aren’t sold with a discount on the cards you make use of. Also, you should check whether it’s worth it to spend extra money to get a subscription that is paid. If you’re paying for the Gold plan for GoodRx costs only $6 per month and you’re saving only $7 a month on your prescriptions that’s not worth paying the extra expense.
Secure the identity of your. If you’ve got an insurance discount plan for prescriptions that you’ve never heard of previously, take a look at reviews and check the if there are any consumer complaints mentioned. If something appears suspicious do not enter your personal details.
The costs of healthcare will likely increase in the coming years. Finding programs and applications that can reduce the total cost will allow you to remain in the green.
