At this time of year, some people may notice the cost of their medications going up when they get refills.
This may be because they have recently entered the dreaded “donut-hole” phase of their Part D plan.
Here are 12 strategies to save money on prescriptions:
- Check to see if your plan has a “preferred” pharmacy, rather than just “participating”
- Comparison shop between pharmacies
- Get a 90-day supply of on-going, inexpensive generic meds through mail order (in some cases there may be no copay!)
- Know that most brand name drugs may be more expensive through mail order.
- Use generic instead of brand name when possible
- Bring your plan’s formulary list to your next doctor visit and ask if a less expensive med would work
- Request an exception through your doctor, if a medication you must take isn’t on the formulary.
- Research to see if you qualify for assistance through a Pharmaceutical Program when on an expensive medication
- Apply for “Extra Help” if you qualify for low income subsidy
- See if your drug is covered under Part B and is covered under your medical plan, rather than under your Part D prescription plan
- Make a note to contact us in the fall to shop for the best 2019 plan for you!
- Last Resort? Diet and Exercise — Who knows maybe you can eliminate some of those meds?!?