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Do's and Don'ts for Saving Money on Rx Drugs

1/5/2016

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One of the motivating factors for me getting off my medications was the cost...my wallet was broken and on life-support trying to keep up with it all...something had to give. Being able to pay for my prescriptions and all the other things like bills and groceries...was a balancing act worthy of a circus ring. 

If you don't have a medical plan, benefits, or the like...prescription costs can often break a budget and find us in a financial hole. Do you ever struggle to cover your medical costs balanced against other bills? You're not alone. 

With this thought in mind...knowing there are others struggling to get what they need and still be able to buy their groceries and other needs...I thought I'd see if I could find some information that might ease the stress on your wallet.

Today I'd like to share some Do's and Don't for saving money on prescription drugs. This information is shared for your personal entertainment and not meant as direct medical advice. Please read this with caution and discuss this information with you doctor. 

Using prescription medication is a personal choice in your health care plan...all I ask is that you educate yourself, have an open line of communication with your doctor and pharmacist, and choose wisely. 
Do's and Don'ts for Saving Money on Rx Drugs

If you think you’re spending a lot of money on prescription drugs, you’re probably right. In 2008, American patients and insurance companies spent more than $234 billion on prescriptions, up from $40 million in 1990. In 2020, annual spending on prescription drugs is expected to top $512 billion.
 
With all signs pointing to more spending increases, this article covers the dos and don’ts of how to save on prescription drugs.

5 Good Ways to Save Money on Medicine


1. Do Ask About Generic Options
 
“In most cases, generic drugs can save a great deal of money,” says Corey Sawaya, RPh, a pharmacist in Stow, Ohio. Almost 80% of FDA-approved drugs have generic alternatives that cost an average of four times less than the brand-name versions.
 
 
If you take a medication that is going off patent, however, you may need to wait six months to enjoy huge savings. Drug makers can limit generic competition for six months after a drug’s patent protection expires. In time, cheaper generic options become available.
 
2. Do Look Into Splitting Higher-Dose Pills
 
Pill splitting is based on the fact that many pills cost about the same even if they contain twice as much medication. An 80 mg pill is often close in price to a pill with 40 mg of the same drug. Ask your doctor or pharmacist if your medication is safe for pill splitting. If so, ask your doctor to prescribe twice the dosage you really need, so you can split your pills in half.
 
Be aware, many pills are not safe to split, including time-released drugs, coated pills, and capsules, says Richard Sagall, MD, president and co-founder of NeedyMeds, a nonprofit organization in Gloucester, Mass, that provides information about financial assistance programs for prescription drugs. “The best person to ask whether it’s safe to split a pill is the pharmacist,” he says.
 
3. Do Talk Openly With Your Doctor
 
Your health care provider may not know how much you’re paying for the drugs he or she prescribes. “Patients should talk with their doctors so they can consider less expensive options,” says Sawaya. It also helps to review all your medications with your health care provider from time to time. If you’ve been taking a drug for a long time, it’s possible you no longer need it or could switch to something cheaper.

4. Do Shop Around
 
“Prices at pharmacies are fluid,” says Sagall, who recommends negotiating with your pharmacist. If one pharmacy has the best prices in town on all but one of the medications you’re taking, let the pharmacist know and see if she can give you a discount on that one drug. “Many pharmacies want relationships. They want to keep you as a patient, and this is one way they do it,” says Sagall.
 
5. Do Look Into Patient Assistance Programs
 
Many pharmaceutical companies have programs that provide their drugs at deep discounts or even free for people in need. If you have a prescription for a high-cost drug, check out the company’s web site to see if they offer assistance. You can also look up patient assistance programs on the NeedyMeds web site (needymeds.org), which provides information on almost 6,000 programs.

5 Bad Ways to Try to Cut Drug Costs

1. Don’t Use a Friend’s Medicine Cabinet
 
“Taking other people’s medications is a really bad way to save money,” says Sagall. The drugs you find in your friend’s stash may be expired, may be the wrong dose, and may react with something else you’re taking. Plus, taking someone else’s prescriptions is illegal. “There are usually specific reasons why a doctor prescribes pill A and not pill B to their patient,” says Sagall.
 
2. Don’t Insist on Brand Name Drugs
 
In the old days, drug companies sent information to physicians, who then decided what drugs to prescribe to their patients. Now television and magazine ads use images of active grandparents or amorous couples to promote prescription drugs directly to patients. No matter how attractive the models, the advertised drug may not be the best match for your particular condition. And there's probably a less expensive alternative to the drug advertised on TV.
 
3. Don’t Assume Herbal Supplements Are Safe or Adequate
 
Because they’re natural, it’s easy to equate herbal supplements with a green, leafy salad. In fact, herbal supplements are not regulated like medications, and some could pose a real danger. “Some of the herbals have the same drug interactions and possibility of adverse reactions as prescription medicines,” says Sawaya. “Those things need to be monitored by a doctor.”

4. Don’t Keep Switching Pharmacies
 
You might switch pharmacies to get a better deal, but doing so repeatedly undermines the checks and balances meant to protect your safety. The history of your prescriptions creates a profile of your health in a pharmacy’s computer system. Pharmacy computers are programmed to catch errors such as potential drug interactions so the pharmacist can intervene. “If you’re moving around from pharmacy to pharmacy, the computer system is less likely to catch things like that,” says Sawaya.
 
5. Don’t Buy Drugs from “Rogue” Internet Pharmacies
 
Online sales of counterfeit prescription drugs is a booming global business. By operating under the radar, groups posing as legitimate pharmacies get away with selling fake drugs, expired drugs, or the wrong drug in the name of a buck.
  
Officials are starting to come down hard on counterfeit drug operations. In 2011, the U.S. and 80 other countries launched a worldwide operation targeting rogue Internet pharmacies. Within 10 days, almost 13,500 web sites were shut down and 2.4 million illegal and counterfeit pills from 48 countries were confiscated. This is good news for consumers, but don’t let down your guard too soon. It’s safe to assume rogue pharmacies will be online for some time to come.

By Joanne Barker
WebMD Feature Reviewed by Louise Chang, MD
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    Tammy...

    is living life with chronic pain...doing the best I can with everyday. 

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