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November 11, 2021

Hacks for Saving Cash on Rx

TOP HACKS YOU CAN DO RIGHT NOW TO SAVE CASH ON YOUR PRESCRIPTIONS

When it comes to the cost of prescription drugs, no single hack is guaranteed to save you money–not even our #1 pick. Some are more practical or easier than others. Some may not apply to you. In some cases, the medication’s price is what it is. If you’re shelling out your hard-earned money for prescriptions, we’re on a mission to help you shell out less.  

8.   Shop around. You may be surprised to learn prices vary between pharmacies. A Consumer Reports investigation proved if you’ve got the time, you can save some dimes–maybe even a lot of ‘em.

CR sent 150 secret shoppers into pharmacies around the country with a shopping list of 5 commonly prescribed drugs. The total cost at independent pharmacies: $107. Total cost at CVS: $928.  

7.   Google for coupons. Type “coupon for [your medication’s name]” Press enter. The truth is, many manufacturers make coupons available. Many pharmacists aren’t aware of them, or don’t tell consumers about them. This solution leaves it up to you to track down potential savings.

6.   Substitute for a cheaper med. Doctors often don’t know how much a medication they prescribe costs. Another drug with the same efficacy may be significantly more affordable. If you get sticker shock at checkout, ask your pharmacist if there’s a lower-priced alternative.  

5.  Get the generic (maybe). Similar to #3, you may be able to get a more affordable generic version of the brand name drug you’ve been prescribed. We won’t bore you with a primer on patent law. Suffice it to say that generics aren’t always available.

4.  Leave insurance out of it (sometimes). This may be a head-scratcher to some. Why pay for insurance if it can’t help you pay for your meds? However, in some instances, the cash price of a med is lower than your insurance copay. Of course, that cash payment won’t apply to your deductible. So, there’s that.

3.  Use a pharmacy savings card/sign up for rewards. Seems like there are as many prescription drug discount cards as there are prescription drugs. Finding the best one for you will require some research. Each has advantages. None are accepted at every pharmacy.  

Many pharmacies have rewards cards. Maybe you’ll be taking a prescribed drug over the long haul. Maybe you have a family or are a caregiver for a loved one. If you’re a “regular,” signing up is free and might make dollars and sense for you.

2.   Hack it in half (literally). This is about as low-tech as it gets, but asking your doctor for a higher dose of your prescription that’s safe to cut in half means you can get 2 months of medication for the price of 1. Not all medications make the cut, however, so be sure to talk it over with your prescriber.

And our top hack is…

1.   Try Gifthealth. We don’t like to toot our own horn, but we’ve built a technology platform that makes saving so easy, it’s automatic. No apps, portals or passwords. No discount cards or memberships. No shopping around or searching for discounts. If there’s a way to save on your meds, we’ll find it–and deliver them for FREE anywhere in the country.

It’s easy to get started.  
1)   Simply tell your doctor that you would like your prescription sent to Gifthealth.
2)   Transfer your new or existing prescriptions using text-to-transfer or the transfer tool on our website.

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