How to save money on prescriptions

*Editor’s note: This information was published in the December 2022 issue of Heartfelt Magazine, CHM’s monthly magazine that provides CHM membership-related tips and tricks, medical advice from doctors, testimonies from CHM members, and more. Please refer to the CHM Guidelines and applicable web pages for the most up-to-date information regarding CHM membership, sharing eligibility, and ministry news.*

 

Knowing how to get the most out of your medications— financially and physically—is more important than ever. Healthcare costs are on the rise, and inflation hit prescription costs harder than most. We want you equipped with the tools you need for success. Here are our top prescription tips.

How to save money on your prescriptions

Ask for generic medicine. A generic drug on average costs less than one-fourth of its brand-name counterpart. Generic drugs offer the same benefits as brand-name drugs at a fraction of the price.

Talk to the pharmacist. Your local pharmacist will have some of the best insight on money-saving tips. They might be able to recommend alternative medications, offer a prescription discount, or point you toward some useful tools.  

Shop around. Often, big chain pharmacies are considerably marked up. You can typically find better deals at smaller chains and your grocery store or hometown pharmacy. Shop around before you need prescriptions so you know where to go for the best prices.

Look into mail order programs. If you need long-term maintenance medications, mail order programs can help you save by sending medications in larger quantities at lower costs. Shopping for online prescriptions conveniently ships your medication directly to your door sometimes with no additional costs.

Check out our recommended prescription tools. Between HealthiestYou™ by Teladoc, GoodRx, CHMRx, and ScriptSave WellRx, you’ll find pricing tools, prescription coupons, prescription discount cards, and additional cost-saving resources.

Medication adherence

Research your medical needs. Inform yourself about your diagnosis, the medication, and how the two interact. If you’re concerned about adverse side effects, talk to your doctor or pharmacist to figure out if there are better options for you or how to manage the symptoms.

Follow your prescription. Your doctor will provide you with information on how to take your medication. This information is also available on the prescription packaging. Taking medication as specified produces the best results.

Set reminders. If you’re prone to forgetfulness or getting lost in a busy schedule, set phone reminders for taking your medication. If you need to take a medication twice a day, set alarms for 12-hour intervals.

Pay attention to storage. Certain medications will need to be stored in different ways. Also, note expiration dates, and make sure to properly dispose of any medications that are expired or no longer needed.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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