The wild world of prescription prices



Prescription prices can vary like nobody’s business depending on a whole host of factors. Sometimes they don’t even seem to make sense.

For example, a prescription that I get is cheaper on my insurance plan if I get the brand name instead of the generic. It’s $30-something a month for the brand name, and $50 or $60 a month for generic. If I didn’t have prescription coverage, I’d have to spend about $180.

Yet the same prescription for another person is $2 or $3 for the generic because of their insurance plan, and pricier for the brand name.

Stranger still, every now and then it’s cheaper not to use insurance at all when filling a prescription. This can happen if you have a pretty hefty copay for prescriptions, but the drug itself is inexpensive.

Finally, did you know that the cost of a prescription can vary from pharmacy to pharmacy? I discovered this while alternating where I got a prescription filled because I was using coupons.

The moral of the story? Ask what the least expensive option is when getting a prescription filled, and give price-checking a try if it’s an ongoing prescription.

I came across a link to a site called Destination RX on a forum that might be helpful in finding typical price ranges for various drugs. I gave it a try with the drug I take, and it looks like it provides the range a person might pay without insurance. (I just used their search option. I didn’t join, so I’m not sure what else the site may do.)

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Posted in Money saving ideas on Oct 15, 2009

2 Responses to “ The wild world of prescription prices ”

  1. # 1 Jerry Says:

    It’s hard to talk about this because we just get raped in America by pharm companies. I have friends who live overseas and pay a fraction for the same meds we do. It’s sad and they don’t even have insurance! Let’s hope this healthcare plan actually leads to some meaningful change.
    Jerry

  2. # 2 bluntmoney Says:

    I’m right there with you on the hoping.


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