How to Compare Prescription Prices
Whether you have insurance or are purchasing prescriptions out-of-pocket --understanding the price of medication is important. With prescriptions costing hundreds of dollars each month, every penny counts. Fortunately, online comparison tools are available that allow you to find quickly pharmacies that offer the best pricing. Also, for those people who don't have insurance, resources also are available that provide prescriptions at little to no cost. But before comparing prescription prices, it helps to have a few tips.
Instructions
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Check out online prescription-comparison tools. Comparing the cost of prescriptions is relatively easy with these websites (See Resources.). You can compare prescriptions from a variety of pharmacies including Costco, CVS and online pharmacies.
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Check with your insurance company. If you have insurance, you'll want to check for coverage before purchasing a prescription. Often times, insurance companies will offer better coverage on certain medications.
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Consider the cost per pill. When comparing prices online, you should compare cost per pill. For example, for the medication Lipitor, you'll find that the cost per bill could be nearly double, depending on which pharmacy you choose.
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Calculate shipping fees. Although you can find low-cost prescriptions online, it's important to factor in the shipping costs. For example, some companies offer "free shipping," while others charge a flat fee of $10. This may offset your savings, depending on the prescription cost.
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Contact the Partnership for Prescription Assistance if you need help. If you don't have insurance and need help paying for prescriptions, check out the partnership for prescription assistance. This is a non-profit organization that helps patients who qualify get medications at a nominal fee or free -- depending on their circumstances.
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Tips & Warnings
Don't forget to check out companies with the Better Business Bureau. If you decide to use an online pharmacy that you haven't done business with before, check out the Better Business Bureau. This will allow you to view complaints and make sure the company is resolving issues professionally.
Be aware of federal regulations in regard to purchasing prescription drugs outside of the United States.
