How to Save Money on Your Medications
There are many ways you can save money on your medications. Choosing the right Ohio
individual health insurance plan is one of them.
The costs of medications are rising. Here are a few important tips to help save money on
• Choose your health plan sensibly: If you are looking to purchase Ohio
individual health insurance, one of your primary concerns should be to find a plan
that covers your prescription drugs. There are a wide range of plans available and
as the cost of medications is rising, you should find one covers your medications
at the lowest copay. For that, look at the plan’s drug formulary or "preferred" list
of drugs. These are the medications for which your plan will provide coverage. If
you need a drug for a chronic illness, make sure it is on the plan’s list. Some Ohio
health plans have restrictions on the quantity of medication they will provide.
There are also plans that require you to try a less expensive medication before
they assure you coverage for a more expensive drug.
• Speak with your doctor: Tell your physician about your budget constraints. Your
doctor can help you by prescribing generic medication in place of brand name
drugs that cost much more. You can save up to 80% off on the cost with a generic
drug compared to a brand name drug. Many Ohio health plans also instruct
doctors to prescribe the medications on their preferred list.
• Compare prices at various pharmacies: Pharmacies in your area may charge
different prices for the same medication. So do your research and compare prices
to get your medication at the lowest possible cost. A pharmacy near your home
may be prepared to offer you the prescriptions you need at a lower price to get a
loyal customer! You can also get generic drugs at a lower cost at many local
• See if you can split pills: Pharmaceutical companies sometimes charge a similar
price for different doses of medication. You can save cost by purchasing a larger
dose than prescribed and splitting it. However, not all drugs can be split, so check
with your doctor and pharmacist before you try this strategy.
• Shop online: You can purchase prescription and over-the-counter medications
very easily and more cheaply from an online pharmacy. This is especially helpful
if you are homebound and cannot go out to purchase your medication. Just make
sure that you purchase from a reputable store which has safe online payment
Understanding Ohio individual health insurance and how to save money on your
medications is a lot easier with professional guidance. So contact a professional licensed
Ohio health insurance broker to purchase a plan that help achieve your goals.