10 Tips for Saving Money on Prescription Costs
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Save Money on Prescription Costs

The good news about prescription drugs is that their overall cost is actually dropping, with more than half of all prescriptions carrying a price tag lower than $5. The bad news is that our out-of-pocket costs are rising as more of us have high-deductible health plans and cost sharing. Indeed, if you have two or more chronic conditions, your annual out-of-pocket costs at the pharmacy may top $1,000. It's worthwhile to seek out ways to reduce what you spend on medications.

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Medical References

  1. Cohen RA, Kirzinger WK, Gindi RM. Strategies Used by Adults to Reduce Their Prescription Drug Costs. NCHS Data Brief. April 2013. (http://www.cdc.gov/nchs/data/databriefs/db119.htm)
  2. Morgan S, Kennedy J. Prescription Drug Accessibility and Affordability in the United States and Abroad. Commonwealth Fund. June 2010. (http://www.commonwealthfund.org/~/media/Files/Publications/Issue%20Brief/2010/Jun/1408_Morgan_Prescr...
  3. Consumer Reports. Same generic drug, many prices. May 2013. (http://www.consumerreports.org/cro/magazine/2013/05/same-generic-drug-many-prices/index.htm)
  4. U.S. Food and Drug Administration. Facts about generic drugs. (http://www.fda.gov/drugs/resourcesforyou/consumers/buyingusingmedicinesafely/understandinggenericdru...
  5. Harvard Women’s Health Watch. Generic drugs versus brand names: switching could save money. July 2013. (http://www.health.harvard.edu/drugs-and-medications/generic-drugs-versus-brand-names-switching-could...
  6. IMS Institute for Healthcare Informatics. Medicine use and shifting costs of healthcare: a review of the use of medicines in the United States in 2013. April 2014. (http://www.imshealth.com/deployedfiles/imshealth/Global/Content/Corporate/IMS%20Health%20Institute/R...
  7. Centers for Medicare & Medicaid Services. 4 Ways to Help Lower Your Medicare Prescription Drug Costs. Revised December 2014. (http://www.medicare.gov/Pubs/pdf/11417.pdf);
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