A few months ago, I wrote about pharmaceutical assistance programs that help people who have trouble paying for their medications. This was written before Martin Shkreli became the poster child of pharmaceutical profiteering and corporate greed. I hate that our system allows for astronomical price mark-ups and forces us to compare prices on medications (and medical care) the same way we compare cable and shoes, but for now it is what it is.
I neglected to mention another way to save money on medications: GoodRx. On their website (and app), you type in the medication you’re looking for and it’ll show you prices, coupons and discounts for your prescription at pharmacies near you. You can also print out a discount card to present to the pharmacist.
There are times that convenience is more important than price. However, prescription meds can have HUGE differences in pricing so it pays to shop around, even if you have insurance coverage. The biggest saving I’ve had was $15-18/ per month for pet meds.
The GoodRx blog is a surprisingly good source of information:
How the Target pharmacy switch to CVS will affect you.
In general, Walmart and Costco seems to have the lowest prices. Target is/was relatively inexpensive if a medication was on their generic med program. Sadly, Target will no longer have a list of $4 generics (30-day supply) once CVS takes over their pharmacy program.
This is one in a series of tips/ideas to help you stay middle-class (HTSMC). Whether you consider yourself on the lower- or higher-end of the spectrum, you can probably find some useful tips to help you stay there and find save more for retirement even as wages stay stagnant.