Save on your Medications with Some Best Prescription Discount Cards of 2020

Medications

The rising cost of prescription drugs is encouraging people to find ways to save money on their prescriptions. Though people have the option of generic drugs, which are less expensive but some circumstances require people to stick to branded drugs. People who have health insurance in which their prescription cost is covered get some financial relief, but people who do not have health insurance are at a great loss. People having health insurance also sometimes find difficulty in affording deductible or copays. This is the time when people can make use of a prescription drug discount card.

According to the National Health and Nutrition Examination Survey data, it was discovered that around 46% of the population uses at least one prescription drug every month, which may include medications used to treat chronic conditions or a one-time prescription drug used for a short-term illness. With such a staggering number of people in need of prescription drugs, it is alarming to see the medications’ prices rising faster than inflation. Due to the affordability issue, people either avoid taking medications or reduce their doses, or take an over-the-counter drug. Thus, people certainly need a better way to save money and this is where prescription discount cards prove its worth.

What are prescription discount cards?

A prescription discount card is a card that is designed to help people save money annually on their prescription medication costs. Using this card people can lower their prescription drug costs by paying for it in cash. Irrespective of the fact whether people have health insurance or not they can avail of this card at absolutely no cost to save a considerable good amount on their prescription cost.

How Prescription Drug Discount Cards Work?

Prescription drug discount cards are just like coupons that allow people to altogether avoid insurance. Using this card people will only require to pay the retail price of the drug after excluding the discounted amount. In some instances, people also get generic medications for free. These cards are given away by companies working as pharmacy benefit managers or PBMs, who are the middlemen between people, drug manufacturers, people’s health plan if they have, and people’s pharmacy. PBMs negotiate prices with drug manufacturers as they have significant purchasing power. The savings made through negotiation is passed onto health plans to help them establish formularies for the discounted drugs, and to pharmacies by having a contract with them to offer those medications.

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Individuals having health insurance will benefit using medications listed in their health plan’s information and if they do not have insurance, then the PBM will directly save them money through coupons and rebates when they use pharmacies in their network, and they do this by offering prescription drug discount cards. With several prescription drug discount cards available, it becomes people for people to choose the best. People need to put some time and effort to find a discount card that best meets their needs.

Find below some of the best prescription discount cards available:

GoodRx

GoodRx offers a free prescription discount card that offers multiple ways to save on prescription drugs. Anyone who is 18 years old and resides in the United States or its territories is eligible to have this discount card. If individuals having children apply for this card, then they can also include their children in their accounts. Almost all FDA-approved branded and generic drugs are covered under this card that also helps to reduce the price of certain pet medications. This card also assists Medicare D beneficiaries in making decisions on the ways to save money on their prescriptions.

People can search for the required drug available at the lowest price in their local area either through the company’s website or through the mobile app. To get the lowest price of the drugs at their designated pharmacy, people can either print or present a coupon from the mobile app or can even use the discount card at any of the 70,000+ participating pharmacies. People should remember that at times coupons provide greater discounts than cards, and medications are available at as much as 80% discount from the retail price. The company has estimated savings of $355 every year for the average customer.

People having access to the company’s premium service known as GoodRx Gold that costs $6 per month for an individual and about $10 for a family of up to six, obtain the steepest discounts. The company only lists pharmacies that are verified by the National Association of Boards of Pharmacy and have achieved an A+ rating by the Better Business Bureau.

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Optum Perks

Optum Perks offers a prescription discount card at absolutely no cost that allows people to save on drug costs at more than 60,000 pharmacies throughout the U.S. For the prescription discount card service, the company has partnered with the pharmacy benefit manager, OptumRx, to provide medications at lower rates. The company’s discount prescription card has been used by over 18.6 million people, who have saved more than $1.7 billion on prescription medications. More than 64,000 pharmacy chains as well as local pharmacies in the U.S. accept Optum Perks. Individuals looking to obtain this card do not need to enroll in any program or sign up for a membership, as they simply need to online search for the discount and find a pharmacy in their area where they can opt for a discount through a coupon or discount card. People just need to email, print, or text their coupon card to their pharmacist to receive discount. It is worth for the people to have an insurance card and Optum Perks coupon while filling their prescriptions to opt for the more cost-effective option.

SingleCare

SingleCare offers a prescription discount card that is considered best for future savings and since 2014, the company has allowed consumers to save over a billion dollars in prescription drugs. It is a free program available to U.S. residents that help them save some great amount on the prescription costs. People having family accounts are allowed to include children but if anyone in the family is of 18 years or older should open their accounts. The company is accredited by the Better Business Bureau, has an A+ rating, and is also verified by the National Association of Boards of Pharmacy.

People can make use of the company’s search engines given on the website and mobile app to search for coupons in their local area. People can search for coupons based on pharmacies in the program’s network and they also have the option to use a discount card at participating drugstores. The company covers a broad range of medications offering up to 80% savings on retail prices and includes 35,000+ pharmacies nationwide. The company also provides discounts on some of the pet medications, especially that have a human formulation.  SingleCare offers a Bonus Savings program in which people can register to earn money towards their future prescriptions. People enrolling for this program get around $5 in bonus.

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ScriptSave WellRx

It is also a free program designed for people in the United States, Puerto Rico, and Guam that help them save on prescription drug costs. People just need to search on their website to locate a pharmacy offering discounted rates for a wide range of prescription medications available in their network of 65,000+ pharmacies nationwide. Individuals have to present their discount card to the pharmacy store to avail discounts on medications. Discounts are offered at even some pet medications and discounts are offered at the range of 60% to 80%. People can email, print, or text their saving card for easy access when required. The company is accredited by the Better Business Bureau and has an A+ rating and its ScriptSave WellRx program is verified by the National Association of Boards of Pharmacy.

RxSaver

It is a free prescription drug discount program designed for U.S. residents of ages 18 years and older. U.S. nationals can search through the company’s website and mobile app for receiving the best discounts on prescription medications from a network of more than 60,000 pharmacies. People can either print the company’s discount coupon, or share it through a mobile app, or can use a discount card to receive a discount at the pharmacy. Savings on the prescriptions are the same, irrespective of whether people use a coupon or discount card. Consumers through RxSaver program can save up to 80% off on retail prices

People who require expensive maintenance medications for chronic medical conditions, the company offers the Rx Advocacy Program, for which people need to pay a fee of around $50 per month that allow them access to low-cost or free medications. Though people require an application to determine their eligibility.

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