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If you aren’t shopping around for your prescription medication or otherwise seeking a lower price, you’re probably paying too much.
Think of it this way: You wouldn’t book a flight before comparing prices at a few different airlines. So, why settle on your prescription drug costs?
As with flights, comparison shopping for medication can be as simple as checking a few key websites. The following sites, some of which also have mobile apps, are among the best for saving money on prescriptions. Use them and you may never pay full price for your prescriptions again.
PharmacyChecker.com says it can help you save up to 90 percent on prescription medications.
It lists drug prices from online pharmacies in the U.S. and abroad. To find the best price for a specific prescription medication, enter the name of the drug into the search box on the PharmacyChecker.com home page and click the “Find Lowest Price” button.
PharmacyChecker.com also created a ratings system and verification program for online pharmacies. To view a pharmacy’s ratings or verification information, click on its profile after searching for a medication.
Being verified means PharmacyChecker.com has confirmed the pharmacy’s licensing and standards of practice. They also monitor the pharmacy for continued compliance.
If their bright yellow website doesn’t get your attention, their savings will. GoodRx says its average customer saves $276 a year on prescription medications. How do they do it? GoodRx collects and compares prices from more than 70,000 U.S. pharmacies — including CVS, Rite Aid and Walgreens.
All you have to do is enter a drug name in the search bar on the GoodRx.com home page and click the “Find the Lowest Price” button. GoodRx will then show you the prices of that drug at various pharmacies and generate a coupon for you to use at the pharmacy of your choice.
To see prices at particular pharmacies in your immediate area, click on “Set your location” and enter your ZIP code.
3. Blink Health
Blink Health negotiates prices with certain pharmacy chains, and then tells you what your prescription would cost at those pharmacies if you buy it through BlinkHealth.com. No coupon is necessary — just visit the pharmacy to pick up your medication after paying for it online.
To search for your medication, visit the BlinkHealth.com home page, type the drug name into the search box and click the “Search” button. You can select the drug form — such as capsules or tablets — and the strength and quantity you need. Then, select a pharmacy and proceed to checkout. You’ll receive a proof of purchase to take into the pharmacy.
Similar to GoodRx and Blink Health, WeRx provides listings of local pharmacies and their discounted prices. But an additional feature allows consumers to report the amount they paid for a specific medication.
To see all your options, enter a medication and your ZIP code on the WeRx.org home page and hit the “Search” button. From there, you can select the drug form, strength and quantity you need. A map of pharmacies near you will be displayed to the side, so you can see which is the most convenient and affordable pharmacy.
5. [email protected] Database
Using generic medications can be a great way to save money. The U.S. Food and Drug Administration’s [email protected] Database on the FDA website helps you do that by enabling you to determine whether the FDA considers a generic drug equivalent to the brand-name version.
To learn more about how the database works, check out “10 Expert Tips for Slashing Prescription Drug Costs.”
6. Gift card marketplace websites
Gift card marketplaces — like Cardpool.com and Raise.com — sell gifts cards for less than their face value. For example, you could buy a gift card worth $50 for only $35. Essentially, that means buying a discounted gift card gives you free money to spend.
Discounted gift cards can be purchased for many popular pharmacy chains and retailers with in-store pharmacies — including CVS, Target and Walmart.
A comparison website called Gift Card Granny can tell you which gift card marketplace is selling which retailer’s gift cards at the best price at any given time. Check it before buying anything.
To learn more about using discounted gift cards to save on prescriptions, check out “This Is How I Slashed My Prescription Drug Copay.”
7. Patient assistance program websites
If you do not have health insurance, you may qualify for low-cost or free prescription medications through a patient assistance program (PAP). PAPs are offered by pharmaceutical companies or nonprofit organizations to help low-income or uninsured patients receive the prescriptions they need.
Be leery of any sites that require a subscription fee or payment of any kind. There are plenty of free options, such as the Partnership for Prescription Assistance.
You can also search for a PAP for a particular drug on PharmacyChecker.com. Scroll down to the bottom of the page and click on “Patient Assistance Programs.”
Can you think of other ways to save on prescription medications? Share your tips and tricks in the comments below or on our Facebook page.
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