The July-August AARP Bulletin “99 Great Ways to Save” includes, for the first time, ways to save pharmaceutical costs.
- Ask your pharmacist about the retail price for your prescription medications. It might be cheaper to pay than using your co-pay. For example, Metformin cost around $4.00 for a month’s supply while the average copay is $11.00. You can save yourself $7.00 a month.
- Some national chains and discount stores offer common medications for free. If your deductible is $10.00 that is a savings of $120 year.
- Area drug prices vary so shop around, make phone calls. A customer in Raleigh, NC was quoted $249.00 at a national chain for Duloxetine. Costco charge $43.00 for the same prescription. Get on that phone and take notes it could save you big money.
- Medicare beneficiaries may qualify for Extra Help program to cover prescriptions. Apply at Socialsecurity.gov/extrahelp or call 800-772-1213
- Ask your pharmacist for generic pricing. It might be cheaper than your copay.
- Call in a medical bill negotiator to review your bills errors and overcharges.
- Apply for free medication through the Partnership for Prescription Assistance pparx.org. Qualified patients can get assistance. A free 120-day supply of the diabetes drug Victoza could save you $2,096.