What are some ways to save on prescription drug costs?

Question

Deborah Bates · Accepted Answer

If your plan doesn't cover your meds well, you can use a discount card like GoodRx or Singlecare. You could also search online for online pharmacies that can save you money like Cost Plus. You may also qualify for "extra help" from Medicare, or get help from the manufacturer or through a foundation.

Answered by Deborah Bates on March 6, 2025

Agent Licensed in AZ, FL, MN, NM, TX & UT

Answered by Deborah Bates Medicare Insurance Agent

Melonie Wood · Answer

Most carriers have a $0 cost for a tier 1 & 2 drug, many carriers will mail a 90 day supply at 0 costs for tier 1 & 2. I also advise members to get a GoodRx Card as well, and if someone is on an expensive drug, tier 3 or 4, most pharmaceutical companies have a patient assist program to help with expensive medications

Answered by Melonie Wood on April 2, 2025

Agent Licensed in FL & AL

Answered by Melonie Wood Medicare Insurance Agent

Dutch VanHoesen · Answer

1. Extra help: if you are low income, you may qualify for the Medicare extra help program. Contact Social Security.
2. Medicare prescription payment program: this is a new Medicare option to spread your drug payments over the course of a year.
3. Generic medication alternatives to your brand name drugs.
4. Patient Assistance programs: most drug manufacturers offer some sort of assistance to help pay for your drugs.
5. Mail Order: this may save you money and may not it all depends on your medications and your prescription drug plan carrier.

Gregg Matheny · Answer

There’s a few ways to save on RX costs.
1. Most brand name medications will be more expensive that their generics. If you are on any brand-name medications, you could ask your provider if there’s an alternate generic that would be a suitable fit.

2. If you do have to take brand new medication’s Most RX companies will have some type of manufacturers discount available. I would Ask your providers office for information on how to apply.

3.When using your Medicare advantage prescription drug plan the catastrophic coverage or cap is set at $2000 for the 2025 year. You could use alternate sources like good RX To potentially get a lower cost on some medication’s. However, whatever medications you get through that alternate source do not go towards that $2000.

It can be a little tricky and may take some extra work on your end but staying vigilant and always comparing prices may come in handy

Sergio Valenzuela · Answer

There is a program called "Extra Help" or LIS (Limited Income Subsidy) that is administered by Social Security Office to help to reduce the cost of your prescriptions such a deductible, premiums or/and copays for your current prescription plan. There is no cost to apply.

Answered by Sergio Valenzuela on March 18, 2025

Broker Licensed in AZ, CA, FL & MI, OH, SC & TX

Answered by Sergio Valenzuela Medicare Insurance Agent

Mary Hiatt · Answer

Your Pharmacist and Physician can provide valuable insights on cost-saving tips related to your specific medications. Ask about potential generic alternatives, switching to 90-day supplies, or utilizing pharmaceutical company discount programs. Hospital-based social workers can help you find both local and federal assistance programs that can help with medication costs, along with manufacturer savings programs for chronic conditions such as cancer.

Answered by Mary Hiatt on February 11, 2025

Agent Licensed in NE, AZ, IA, MO & TX

Answered by Mary Hiatt Medicare Insurance Agent

What are some ways to save on prescription drug costs?

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What are some ways to save on prescription drug costs?

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