Medication Cost Management

Medication prices in the United States are more than anywhere else in the world. While your insurance picks up most of the bill, these costs are passed to you in premiums and higher out of pocket deductibles and cost sharing arrangements.

There are ways that you can reduce your out of pocket medication costs by talking with your provider about these potential options.

• Switching from brand name to generic medicines can lower costs and provide the same benefits.
• Make sure that your provider confirms the medication is on your insurer’s formulary.
• Check with your insurer to see if there are any discounts available related to how the prescription is written (90 day supply, 1 year of refills etc.)
• Check to see if there are savings by using a combination drug, or alternatively, 2 separate medications that provide the same benefits at a lower cost.
• If you are concerned that you may not be able to afford your medications, please call your Ambulatory Care Coordinator to see if assistance programs are available.