Choosing Medications Wisely

The rising cost of prescription and specialty medications is alarming. The most recent example of how expensive these types of medications can be is the price hike of the life-saving EpiPen, which now costs more than $600 for one pack of two EpiPens.

If you take prescription medication, using the following strategies can help you become a wiser health care consumer and save you money:

  • Shop around—Drug prices are not the same at every pharmacy. You may be able to save money by shopping around.
  • Ask about drug substitution—When your doctor prescribes a drug, ask if a cheaper alternative is available or if an over-the-counter drug will work just as well.
  • Consider using a generic version of your prescription drug—Generic medications work just as well as brand-name drugs and can cost up to 80 percent less.
  • Look into discount card programs—Some drugstore chains offer discount prescription cards that provide additional discounts on your prescriptions for a small monthly or annual fee.