Prescription drugs can be costly, so you may be concerned if your health insurance doesn’t cover them. However, did you know that you could potentially save more money on your meds without a prescription drug coverage plan? Even though Vera Health’s short-term health insurance does not cover prescription costs, we know some tricks to help you get the best deal on your medications.
1. Go Generic
The first way to find a cheaper alternative to name brand name prescriptions is to ask for a generic alternative for your prescribed medicine. Most brand name drugs have a generic equivalent comprised of an identical chemical makeup, so they typically include the exact chemicals as brand name meds. One of the main reasons that generics are cheaper is because they aren’t marketed or advertised with a branded name. Generic drugs are completely safe and meet U.S. Food and Drug and Administration (FDA) safety standards.
2. Compare Cash Price vs. Insured Price
You may have better luck paying cash the cash price for meds even if your short-term medical insurance does not cover them. Always ask your pharmacist what your medication’s cash price is before you make an unnecessary, expensive purchase
3. Use a Mail-Order Pharmacy Service
Did you know that you could save money by ordering your medications online? There are several reputable online mail-order pharmacies, like Express Scripts, OptumRx, and HealthWarehouse. Before placing an online order for medicine, check the pharmacy you’re using for verification. Never order medications online unless the pharmacy is VIPPS-accredited, meaning that they use best practices for prescription safety. Some people like to use overseas mail-order pharmacies to find the lowest price, but it’s usually best to order from verifiable online pharmacies in the U.S. to ensure safety and legitimacy.
4. Buy in Bulk
If you take a daily medication, you could save a lot of money on your monthly prescription bill by filling a 90-day supply instead of buying it every 30 days. Most pharmacies charge a fraction less for your medicine when you buy in bulk. You may be surprised at the price difference when you break down the monthly cost of a 90-day prescription supply.
5. Check out Goodrx.com
GoodRx.com’s motto is, “Stop paying too much for your prescriptions.” GoodRx is an excellent resource that you can use to compare the cash prices of prescriptions from different pharmacies to find the cheapest option. They provide you with discount cards to use at your pharmacy to make the cash price even less expensive. Just type in your medication, compare the list of medication costs that GoodRx provides for you, and print out the coupon for the pharmacy that you want to use.
Another idea, although slightly less convenient, is to fill your medications at different pharmacies. Some meds are cheaper at certain pharmacies than others, as GoodRx will display for you, so if you have the time to spare, this is a great option to help you save even more money.
6. Find a Discount Card
Getting a discount card can be a viable option for those paying out-of-pocket for prescriptions. Discount cards have helped many people save up to 80% or more on their medications. Although your savings will vary by medication and pharmacy, discount cards could potentially save you a big chunk of change. Check out ScriptSave or WellRx to start searching for savings. When you pick up your prescriptions, make sure to always bring your discount card with you, so your pharmacist can help you look for discounts, too. Also, Vera Health STM plans include access to a prescription discount card through your LIFE Association membership.
Now, that’s a lot of savings! We hope you better understand your options for paying for prescription medications. And hope to streamline your path to affordable health insurance with our flexible, transparent short-term medical insurance plans. Vera Health takes the mystery, fluff, and hassle out of buying health insurance. To learn more about our personalized, straightforward plans, call a friendly Vera Health expert at 844-961-9645 today.