Trying to keep your medication costs in check? Consumer reports offers some great advice.
If you are required to take medication for a health problem, it can often be frustrating because of the cost with insurance, the cost of generics and in some cases, generic drugs actually cost less if you offer to pay cash because the store price is less than the pharmacy’s negotiated rate. You may also be on too many drugs, something that should be policed by your pharmacist, providing you get all your prescriptions from the same vendor.
Consumer reports offers some great ideas on how to lower your drug costs
Surprising ways to cut your drug costs
Even with insurance, you might be paying too much
Many Americans, even those who have insurance coverage, spend more than they need to on prescription medications. Those who regularly take a prescription drug spent an average of $758 a year, according to our 2012 Consumer Reports Best Buy Drugs annual prescription-drug poll.
Overall, people who currently take prescription drugs take an average of four medications, and 14 percent say they take seven or more. And to pay for all of those drugs, some cut back on other household expenses, spending less on entertainment and dining out, groceries, or clothing. Here’s how to keep more money in your pocket and still get effective and safe treatments for what ails you.