5 Ways to Save on Prescription Drugs – Yahoo News
The pandemic has spurred more Americans to do their shopping online, and shopping for medications is no exception. In addition to the mail-order business of big chains, such as CVS and Walgreens, and established online vendors, like Amazon and Costco.com, there are now many online pharmacy newcomers, including GeniusRx, Honeybee Health, Ro Pharmacy, ScriptCo Pharmacy, and Mark Cuban Cost Plus Drug Co.
But while in many cases they offer rock-bottom prices, shopping for meds online is not the only way to save. Here are some others.
GoodRx is a company that provides free coupons that give you discounts on meds. Available on its website or via the GoodRx app, the coupons can save you 80 percent off the list price of generic drugs at certain pharmacies. For more savings, consider joining the GoodRx Gold program, which gives you access to more than 1,000 meds for less than $10 per prescription. An individual membership costs $10 a month; for $20 a month you can add five family, friend, or even pet members. Bonus: Primary Gold account holders also get telehealth doctor visits for as little as $19.
Signing up for the Walgreens Prescription Savings Club Program lets you fill prescriptions for hundreds of generic drugs for $7.50, $10, or $15 for a 30-day supply, or $15, $20, or $30 for a 90-day supply—no insurance needed. The membership costs $20 a year for an individual or $35 for a family. Walmart’s free Prescription Program makes dozens of drugs available for $4 for a month’s supply or $10 for a 90-day supply. Bonus: Supermarkets like Kroger, H-E-B, and others also offer discounted generic drug programs. Check those in your area for details.
If you have an Aetna health insurance plan, for example, you can use the Aetna Rx Discount Pharmacy Card (PDF) at participating pharmacies in the insurer’s network to get preferred rates.
Call the number on the back of your insurance card to find a pharmacy near you. Or if your drug coverage is through CVS/Caremark, you can get discounts on several dozen select generics if you fill the prescription at a CVS pharmacy or through CVS.com.
Getting a discount on the cash price of a branded drug is a little trickier than for a generic, but it’s still possible.
Drugmakers offer copay discount programs if you sign up, but only if you have insurance. For people whose income meets certain thresholds, a drug company’s assistance program may supply drugs free, even to some people without insurance.
You’ll find manufacturer discount programs for branded drugs on the GoodRx website or app.
Bonus: Check out NeedyMeds for free assistance with finding and filing the paperwork for many manufacturer programs.
Unlike chain pharmacies, which have set cash prices, your community pharmacy may have more leeway with pricing medication, says Doug Hoey, PharmD, CEO of the National Community Pharmacists Association. And Brandy Letson, PharmD, owner of Cashiers Valley Pharmacy in Cashiers, N.C., says your local independent pharmacy can sometimes meet or even beat low prices at a chain or online pharmacy, but you have to ask.
Editor’s Note: This article also appeared in the May 2022 issue of Consumer Reports magazine.
Consumer Reports has no financial relationship with advertisers on this site.
More from Consumer Reports:
Top pick tires for 2016
Best used cars for $25,000 and less
7 best mattresses for couples
Consumer Reports is an independent, nonprofit organization that works side by side with consumers to create a fairer, safer, and healthier world. CR does not endorse products or services, and does not accept advertising. Copyright © 2022, Consumer Reports, Inc.
Since the pandemic began, Americans have turned to online services for everything from groceries and household supplies to doctor visits. Many have also switched to online vendors to fill their p…
Private insurers who administer Medicare Advantage plans can expect a 5% average increase in federal payments next year — half a percentage point above what the Biden administration proposed in February.Why it matters: The pay bump in the controversial program marks a big win for insurers like UnitedHealth Group and Humana and doused speculation the administration would break with a trend of strong recent increases.Get market news worthy of your time with Axios Markets. Subscribe for free.The MA
If you like cutting costs but using coupons seems too time-consuming, you are missing out on savings. Here are the items you should always buy with a coupon.
Investors are optimistic about CVS Health (CVS) owing to continued progress in its consumer-centric digital solutions.
The pandemic, combined with raising a toddler, has kept me homebound for most of the last two years.Yes, but: I had a hankering for burritos for lunch on Monday. With the child safely deposited at day care, I trekked to El Purepecha in the Loft District.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeOn my plate: I started with potato flautas ($9) and ended with a burrito mojado with carnitas ($13), per the bartender's suggestion.The flautas we
Warren Buffett is arguably the best-known, most-respected investor of all time. Buffett is also known for his folksy charm and his memorable quotes about the art of investing. Related: 11 Ways Warren…
When Democrat Stacey Abrams first ran for Georgia governor in 2018, her lackluster personal finances and a hefty bill from the IRS gave Republicans fodder to question how she could manage a state budget when she struggled with her own debts. Abrams now says she's worth $3.17 million, according to state disclosures filed in March. Since her 2018 defeat to Republican Brian Kemp, Abrams has become a leading voting rights activist.
NEW YORK/WASHINGTON (Reuters) -The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars. Under sanctions put in place after Russia invaded Ukraine on Feb. 24, foreign currency reserves held by the Russian central bank at U.S. financial institutions were frozen. But the Treasury Department had been allowing the Russian government to use those funds to make coupon payments on dollar-denominated sovereign debt on a case-by-case basis.
Stocks sold off hard in March 2020, then followed that up with a huge bull run, as growth stocks led the way. One growth stock that has had its up and downs is StoneCo (NASDAQ: STNE), the Brazilian fintech backed by Warren Buffett. StoneCo is a payment processor providing fintech solutions to Brazilian merchants so they can sell their products anywhere: in-store, online, or through cellphones.
As inflation hits a 40-year high, you may be asking yourself if you actually have too much money in your traditional savings account. Most people should set aside enough cash to cover about six months of living expenses, says Matthew Jenkins, certified financial planner at Noble Hill Planning. With that in mind, it may seem counterintuitive to keep an emergency stash of liquid cash within arm’s reach, but Lauren Anastasio, director of financial advice at Stash, the online financial platform, says inflation is your cash’s greatest enemy — but cash is still king in the short-term.
The stock market can be a fickle place, as we’ve seen this year. Starting early in January, all the main indexes fell, in a broad-based sell-off caused, at least in part, by worries over inflation and the Federal Reserve’s decision to start raising interest rates in response. The promised end of the central bank’s long-standing easy money policy spooked investors. The currents shifted in mid-March, however, after the Fed pulled the trigger with a quarter-point rate hike. The collective mind calm
Upstart is rapidly expanding into new lending markets that dwarf the potential of its humble beginnings, and it could lead to explosive growth in its stock price. Upstart, therefore, isn't constrained by the same burdensome regulations and capital requirements as most financial institutions. Upstart purchased software company Prodigy in 2021, which developed a sales platform for car dealerships.
There are a multiple headwinds buffeting the markets right now, pushing stocks, bonds, and commodities in various directions. Between stubbornly high inflation, the war in Ukraine, the persistence of COVID, and even the developing instability in Chinese real estate, the possible shocks that can hit the market are enough to make any investor’s head spin. They are also a strong inducement to start taking a defensive stance on an investment portfolio. At least, that’s the bottom line from Morgan St
It's time for investors to prepare for the end of an era of low rates and slow growth that ruled since the 2008 global financial crisis, says BlackRock's Tony DeSpirito.
It's a game of trade-offs, where the individual investor must decide which strategy and qualities matter most to them. Here's why the strategy makes sense and how Buffett's portfolio allocation could help you become a better investor. The compound annual growth rate of Berkshire Hathaway between 1965 and 2021 is a staggering 20.1% — which is one of the best long-term track records out there.
SEC Chair Gensler says crypto markets should protect investors, Biden aims to ease supply-chain logjams with truckers, Exxon forecasts gains from rising oil prices and Russia costs, and other news to start your day.
Timothy Ash said US bondholders would likely be hurt by the Treasury's move, but said it's "their own fault" for investing in Russian bonds.
First, develop a plan (some might call it a budget), said Robert Gilliland, managing director and senior wealth adviser at Concenture Wealth Management. Take into consideration every single possible expense you anticipate after your husband dies, and account for inflation as well. You can break these expenses down into the short term, such as one to five years, the intermediate term, which would be the six- to 10-year span, and the long term, or beyond 10 years.
Warren Buffett is an investing legend. The CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) is a self-made man who was born in the teeth of the Great Depression, and his fortune is the product of brilliance, patience, and time. Buffett's most famous quote is probably the one telling investors to "be fearful when others are greedy, and greedy when others are fearful."
Investors should watch closely the action in the bond markets.