How to Save Money on Prescription Meds

TL;DR

You can save money on prescription medications by comparing your insurance price with GoodRx discounts and choosing the cheapest local pharmacy. After one prescription cost $1,200 with insurance, the couple used a GoodRx code and paid $74 for the same medication and supply. Read on for the exact steps, including how to search, transfer a prescription, and redeem a coupon.

Transcript

so my husband and i almost paid twelve hundred dollars for one prescription medication you heard me right one thousand two hundred dollars until we found a very easy way to save money on our prescription medication hey what's up guys it's justine with debt free millennials the channel to help you press your debt and live payment free if you want to... Read More

Key Insights

• 👨‍💻 GoodRx is a platform that offers discount codes for prescription medications from various pharmacies.
• 🤑 Comparing retail prices, GoodRx helps users save money by finding the best prices for their prescriptions.
• 💾 With GoodRx, individuals can save thousands on their medication costs by paying a fraction of the insurance price.
• 👤 The platform is user-friendly, free to use, and doesn't require signing up for an account.
• ✅ Checking prices with insurance first and then using GoodRx can help you find the cheapest option for your prescription medications.
• 💨 GoodRx is a valuable tool that can change the way individuals view and afford prescription medications.

Questions & Answers

Q: How can you save money on prescription medications?

Check the medication’s cost with insurance first, then search for it on GoodRx and compare the available pharmacy prices. Choose the cheapest option, send the coupon code to your phone, and show it to the pharmacist.

Q: How do you use GoodRx to get a prescription discount?

Go to goodrx.com or use the free app, enter the drug name, and review the discount prices at pharmacies in your area. Select a free coupon, have its code texted to your phone, and show the code to the pharmacist so it can be entered into the pharmacy’s system.

Q: How much did GoodRx save the couple on their prescription?

The prescription initially cost $1,200 with insurance. Using a GoodRx discount code, Kyle paid $74 for the exact same prescription and supply.

Q: Does GoodRx require an account?

No account is required to obtain GoodRx discounts and coupon codes. The app is also available to download for free.

Q: How does GoodRx compare prescription prices?

GoodRx looks up a specific drug, compares its retail price, and provides discount codes for multiple pharmacies in the user’s area. Entering a ZIP code sets the location so nearby pharmacy options can be compared.

Q: Should you check insurance before using GoodRx?

Yes, the recommendation is to check the prescription cost with insurance first because insurance may provide a discount. If that price is still expensive, compare it with GoodRx and use the pharmacy offering the lowest cost.

Q: What if the cheapest GoodRx price is at a different pharmacy?

Call the doctor’s office and ask it to send the prescription to the pharmacy offering the cheapest price. This requires an extra call, but the speaker says it can be worthwhile when the change saves substantial money.

Q: What prescription discount examples were shown on GoodRx?

Loestron had a retail price of roughly $30 and a listed price of $8.43 at Ralph’s, described as a 70% saving. Adderall XR had a discount price of $32.69, listed as 82% off its $185 retail price.

Summary & Key Takeaways

• Facing a $1200 prescription cost, the couple discovered GoodRx, a discount platform for prescription meds.

• GoodRx compares retail prices, provides discount codes, and lets you choose from various pharmacies.

• By using GoodRx, they saved thousands on medication costs by paying a fraction of the insurance price.