Medical costs can be very costly, from going to see a doctor to procedures to medicine, it can all add up very quickly. Back in 2008 a report estimated that $234 billion had been spent on prescription drugs which was about 6 times more than spending in 1990.
When you think about clipping coupons you’re more likely to associate it with saving 50 cents on a roll of paper towels not prescription medication. Some drug companies though are offering up coupons in an effort to continue providing their brand name drug to those who need it.
Although savings vary by manufacturer and product, you could save up to $60 in your prescription meds. Some manufacturers offer one time savings cards while others might have discount cards that offer a certain amount off every time you fill your prescription. According to IMS Health, a market research company, discounts are available for nearly 400 different types of prescriptions.
Many people who need prescription drugs are also turning toward generic drugs. Depending on your grocer you could also save big bucks sticking with generic prescriptions instead. Publix, ShopRite, and Giant Eagle are just a few grocery stores that offer discounts on generic drugs.
If you haven’t started clipping coupons just yet, now may be the time as cold and flu season is right around the corner. You might be able to easily find coupons for over-the-counter medication in your local newspaper or online. You might also want to consider signing up for rewards programs at your local pharmacy. Walgreens, CVS, and RiteAid offer various rewards for their frequent shoppers.
Don’t be afraid to ask your doctor if any medications prescribed to you are available at a lower cost or in generic form as well.