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How to Reduce Your Drug Costs

Posted Jul 29 2011 1:02pm
If you are not taking any prescription drugs you can skip this article.  But if you are taking prescription drugs, learning how to reduce your drug costs can save you hundreds of dollars a year.   A recent article in the U.S. News Money by Philip Moeller includes some excellent advice on how consumers can reduce drug costs.  Read the full article .

Highlights from the article.
  • Once a year be sure to review the list of prescriptions you are filling   
  • Pay attention to what you are paying for all your prescription drugs. Know the most recent prices you paid.
  • If you are taking branded drugs find out if there are any generic equivalents of the drug available.  Be sure to talk to your doctor.
  • Make sure you are purchasing (filling) these prescriptions in the most economical manner. This normally means using your health plan's mail-order pharmacy and getting 90-day supplies sent
  • Use online tools to help you find the lowest cost online pharmacy in the U.S.
  • Familiarize yourself with the large pharmacy chain generic discount programs including CVS , Kroger , Target , Walgreens and Wal-Mart .
  • Use the generic equivalency tool (from the U.S. Food and Drug Administration) if you have questions about whether there is a generic version of a branded drug.

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