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Tips to Save On Prescription Medications and Health Costs

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Prescription medication-related spending is on a continued increase as more and more Americans are prescribed multiple drugs every month.

In a recent study by the Mayo Clinic, researchers discovered that nearly 70 percent of Americans are on at least one prescription medication, more than half are on at least two, and a whopping 20 percent are on five to seven prescription drugs.

The rising costs of being on multiple — let alone one — drugs are causing many to abandon medical advice. As they near retirement age, Baby Boomers are expected to live longer than previous generations and will face new health challenges and concerns like managing chronic health conditions, which may be overwhelmingly costly.

Here are some easy tips for saving money while taking care of your health.

  1. Secure your prescription medication from a trusted online pharmacy like israelpharm.com or www.ivfpharmacy.com. Make sure that the online pharmacy requires a prescription and that the medication is sourced from reliable distributers. IsraelPharm sources all its prescription medications from FDA approved manufacturers.
  2. Try the store-brand versions of healthy products like vitamins. Store-brand supplements and remedies are formulated to deliver the same performance that shoppers expect from the national brands and are held to the same strict testing guidelines, all at more affordable prices.
  3. Ask your pharmacist about generic prescription options. These medications offer the same active ingredients as brand-name medications at a lower cost, which can make a big difference when managing chronic conditions. Generic prescription medications are FDA approved and are safe and effective.
  4. Keep taking your prescribed medications as directed, because taking medications irregularly can impact your overall health. To stay on track, talk openly with your pharmacist. It has been shown that regular consultations with a pharmacist can make patients twice as likely to take medications as prescribed, which can lower health care costs by thousands of dollars annually.

This post comes from Saul Kaye, IsraelPharm’s in-house pharmacist with more than 15 years of experience in community pharmacy in Israel. Questions? Email Saul!

 

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