Struggling with Prescription Costs? Here's How to Save in 2024

Each year, the price of medications continues to rise, with more than 600 drug prices increasing by an average of 5% to 6% back in 2022. As Americans still face financial challenges, partly due to the long-term effects of the COVID-19 pandemic, finding ways to reduce the costs of medications is more crucial than ever.

A study by Gallup highlighted that 58 million adults have difficulties affording the prescription drugs they need. Moreover, another report revealed that 13 million Americans forgo medications due to their high costs, underscoring the ongoing and serious nature of this issue.

Here’s your 2024 guide to prescription savings, including updated tips on how to cut drug costs and how to leverage ModRN Health as your go-to prescription price comparison tool.

 

 

5 tips to save on prescriptions

Sometimes you just need to take a few simple steps to get lower prices on your medications. Here are five ways to cut prescription costs:

1. Switch to a generic 

One of the easiest ways to save on your prescriptions is to switch to the generic version of the medication. These products have the same active ingredients as the brand-name medications, and they cost anywhere from 20% to 70% less than the original. Your doctor or pharmacist should be able to tell you whether a generic is available, as not all medications have them.

2. Try another drug

If your medication is expensive, there could be another option to consider that would give you the same results or relief from your symptoms. Alternative drugs could be much lower in cost. Make sure to talk to your doctor and let them know you’re concerned about the price, and ask if there’s anything else you can safely try.

3. Apply for assistance

You may be eligible for prescription assistance programs that help you afford your medication. These programs are offered by nonprofit organizations, government agencies, and even drug manufacturers. Drugs could be significantly discounted or free when you qualify for these programs.

4. Look for discounts and coupons

Sometimes drug makers will offer coupons for patients, especially for new medications. They also may provide discounts if you meet specific criteria or provide them with medical information. In addition, pharmacies offer coupons for new customers or certain milestones.

Another option is to sign up for a discount program like ModRN Health, which is completely free and you can save up to 80% on your prescriptions.

5. Compare pharmacy prices

Finally, remember that pharmacies don’t all offer the same prices on medications. You need a tool to help you find the lowest prices in your area with fast and easy comparisons. Using ModRN Health, you can instantly compare prices of the drugs you need at local pharmacies, so you’re never overpaying.

 

The Role of Price Comparison Sites in 2024

With the rise of online and mail-order pharmacies, comparing prescription costs has become easier. Price comparison sites compile prices from various pharmacies, helping you find the best deal without having to leave your home. However, exercise caution with online pharmacies, particularly those based overseas, to avoid potential scams.

Mail-order pharmacies could be a more affordable option to keep in mind. And the recent emergence of online pharmacies has meant that patients can more easily compare prescription costs and get the lowest possible price. However, be wary of using online pharmacies, especially foreign ones. You never know if what they’re sending you is the same thing you would get in your local pharmacy.

Comparison websites don’t provide medications to you directly – they just check and gather drug prices from your local pharmacies so you know where to go to get the lowest price for your particular medication. Some sites also tell you whether or not a pharmacy is licensed and how they protect your personal information.

These comparison sites help you get the best deal every time you fill a prescription. Consumers routinely use such sites for insurance, credit cards, travel and other services, so why not use them to save on our medications? 

Why ModRN Health is the price comparison tool you need

If you want to compare prices at pharmacies near you, there are many online comparison sites to choose from, including GoodRx, SingleCare, and Pharmacy Checker. However, ModRN Health stands out in a few crucial ways. Here are some of the most important benefits of using ModRN Health for your prescription price comparisons:

• Earn Rewards Points when you sign up, when you refer others to the site, and when you or a referral fills a prescription.

• Redeem your points for gift cards.

• It’s completely free and easy to use.

• Save up to 90% on prescription medications.

• View simple comparisons of your local pharmacy costs.

• Receive reminders every time you need a refill on a medication.

• Create a customized profile where you can manage prescriptions and view medication history.

With these benefits, ModRN Health helps you save up to 90% on medication costs while helping you earn extra rewards. And it’s all completely free.

Sign up for ModRN Health today

Ready to start saving? Create a free ModRN Health account today. We offer a Spanish-language option and an information hub where you can learn more about the medications you’re taking. 

Earn rewards while saving money on your prescriptions. To learn more about 2022 prescription price comparisons, sign up for ModRN Health now or use our drug discount search tool.

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