The latest issue of Consumer Reports (September 2013) includes a useful article on cutting your drug costs. Here are the major tips on how to save money and still get effective and safe treatment. For more details, review the original article Surprising ways to cut your drug costs.
- Try an over-the-counter (OTC) drugs for some health problems
- Skip OTCs drugs for other problems
- Don’t automatically use your insurance
- Many commonly used generic medications can be purchased less expensively in major chain drug stores
- Take advantage of the new health care law (Obamacare)
- Because young adults may now remain of their parents’ health plans until they turn 26, their drug costs will be reduced
- Cheaper drugs for Medicare Part D
- Free preventive care
- No more annual or lifetime limits on your coverage
- Be aware of formulary changes
- Ask for the lowest available price
- Use your insurer’s preferred pharmacy or mail-order service
- Use step therapy
- Try less-expensive treatments at first to see whether they help before turning to more expensive options
- Take fewer drugs
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