Senior Citizen's Guide digital books
Senior Citizen's Guide to Cleveland

Cutting Drug Costs Down to Size

Do you think you’re spending too much on your prescription medications?  You’re probably right!  Here are a few simple steps you can take to cut the cost of your medications without sacrificing your health.

Ask your doctor about NEW generic options.
There are a number of commonly prescribed brand name drugs scheduled to lose their patents this year. This opens the way for new, lower cost generic versions of these medications to become available.

Among the common medications scheduled for generic release this year are:

Actonel (Osteoporosis)

Detrol LA (Urinary Incontinence)

Evista (Osteoporosis)

Lunesta (Sleep Disorders)

Lovanza (High Cholesterol)

Nasonex (Nasal Allergies)

Nexium (Ulcers)

Restasis (Dry Eyes)

The dates for generic drugs becoming available are subject to change. Check with your physician to see if he or she will switch you to a generic that is equally effective but less expensive.

Don't automatically use your insurance.
Hundreds of commonly used generic medications can be purchased for as little as $10 for a three-month supply at grocery stores, major drugstores and club stores like Costco and Sam’s Club. You may find some drugs usually covered by your insurance might be less expensive if you pay cash instead using your insurance.

Be wary of coupons.
Makers of brand-name drugs often flood the market with discount coupons in order to keep you as a customer. Even if a coupon cuts the cost you pay at the counter, your employer and insurance company are often paying the full price which will cost you in higher premiums down the road.

Shop Around.
Prices at different pharmacies can vary dramatically. Be sure to ask for the pharmacy’s lowest price because additional discounts may be available when you’re a member of a store’s loyalty plan. And don’t overlook your insurer’s “preferred” retail or mail order pharmacy when comparing costs. Some insurers and Medicare Part D Plans have negotiated deep-discounts to help you save.

Ask about OTC drugs.
Your physician may write prescriptions for drugs even after they are available over-the-counter. But, over the counter drugs are often cheaper so be sure to ask your doctor if your drug is available OTC (over the counter.)

Laura Mutsko is a licensed insurance broker offering a full line of health and life insurance products, including Individual, Group and Family Health, Annuities, Long Term Care Insurance, Medicare Advantage, Medicare Supplement Plans, Medicare Part D Prescription Coverage, Vision, Dental and Life Insurance. Mutsko Insurance Services, LLC is located at 6966 Spinach Drive in Mentor, Ohio. Laura can be reached at 440-255-5700 or through email here. For more information, visit her website at or click here to view her Senior Citizen's Guide online profile.



Home    Featured Programs    Choose Local Area     Request Information
A JR Media Publication • www.jrmediallc.comSite Index