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Costs

Save On Pharmaceuticals

7 Tips To Save On Drugs

1. Compare prices.

PharmacyChecker.com compares prices from many sources, including inexpensive Canadian suppliers. Comparing local prices from different drugstores, Wal-Mart and Target can also help you save.

2. Generic drugs.

Generic versions of brand names are just as effective, and much cheaper.

3. Other brands.

Alternative brands are cheaper yet often quite effective (but they may be chemically different, so please consult with your doctor first.)

4. Buying in bulk.

You can often save 30% to 50% by buying enough to last a few months.

5. Splitting pills.

You could swallow a half-pill or three-quarters pill instead of a whole pill, you're light enough (but ask your doctor first about possible under-medication risks.)

6. Assistance programs.

Both states and drug makers offer prescriptions at a reduced cost to citizens with low-to-moderate income. You can visit NeedyMeds.com to search for these programs.

7. Medicare.

For the elderly, Medicare Part D pays for a part of your costs.

The CFA recommends Consumer Reports Best Buy Drugs for those interested in more information. You'll also find a price comparison service there, but it excludes Canadian suppliers.

(Next Gem: Doctor Joke)

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