Monday, March 7, 2016

Hints for Saving on Brand Name and Generic Drugs

The high cost of prescriptions puts a big strain on many people’s finances. Choosing discount drugs is one option for saving money. Both brand name and generic medication are available at lower prices for consumers who know where to look.



Shop Around



Different retailers may offer the same medication at vastly different prices. The American Society of Health-System Pharmacists has noted that substantial price jumps may result from product shortages as well as insurance coverage. For this reason, wise consumers gather information about general product costs.


Simple phone calls should provide the information needed to choose the lowest price for a prescription, be it name brand or generic. In fact, drugs can cost as much as 10 times more at one retailer than another, all within the same zip code. It's advised to call or visit at least three pharmacies including one large discount store such as Wal-Mart for price comparisons. In fact, Wal-Mart and Target sell a 30-day supply of most generic alternatives for around $4 and a 90-day supply for $10.



Ask for a Discount



Sometimes it’s as simple as asking for a lower price. Before completing a transaction, savvy consumers will ask the pharmacist for a discount to get the best price. This technique will often result in savings.



Shop Online



Internet retailers often offer better prices for discount drugs. Visit several reputable online retailers to save money. Always verify the validity of a website by looking for the Verified Internet Pharmacy Practice Site seal.

Most consumers choose to save money on generic prescriptions because these medications are the same as the brand name alternatives, just without the high price tags.