Medication is commonly classified into two categories: branded drugs and generic drugs. Branded drugs are relatively more expensive compared to generic drugs, although in some cases, there are some highly expensive generic drugs as well.
When compared to other nations like France, Australia, and Canada, US retail costs for popular brand-name pharmaceuticals are nearly 2 to 4 times higher. The cost of well-known brand-name pharmaceuticals is constantly rising, particularly those used for autoimmune illnesses and diabetes.
People used to pick generic pharmaceuticals because they were less expensive; however, the prices of generic drugs have risen significantly over time. Some generic medications are more than $500 for a month’s supply. In the United States, $539 billion was spent on medication in 2020, with generic medications accounting for 19% of the total.
Now, the question arises how to save up on these expensive drugs? We’ll help you out with some tips in this blog.
Switch to Generic Drugs
Although this might not apply in all cases, there are still a considerable amount of generic drugs available at cheaper rates compared to their branded counterparts. Do consult your doctor before switching to generic drugs, though.
Ask Your Doctor for Samples
Oftentimes, doctors have full packets or bottles of sample medications that they won’t use. Ask your doctor if they can provide you with free samples of medication.
It’s not unusual for drug prices to vary at different pharmacies. Look around your area or city and find the best rates. Many pharmacies offer discounts, especially if you bulk buy medicines for a couple of months or so.
Getting health insurance is one way of managing medical costs, but it deals more with hospitalization and other medical bills. You still have an out-of-pocket limit before the insurance policy starts covering your medications as well.
Patient Assistance Programs
Patient medication assistance programs are one of the best ways to save up on your medicines and prescription costs. Prescription assistance programs help people who are uninsured or underinsured the best medicines at affordable rates and sometimes even free. These programs aim to let everyone have access to all their medications.
If you can’t afford health insurance and require medication assistance for brand-name or generic drugs to treat your medical condition, connect with The Rx Helper, a leading patient prescription assistance company that aims to offer a prescription assistance program for uninsured individuals in America. All you need to do is fill out an enrollment form on the website and, if approved, pay a monthly service fee, after which you can get your medication provided at little to no cost. Contact us to book a free consultation
Disclaimer: This article is only intended for educational purposes and shouldn’t be used as a substitute for medical advice.