Ways to save on prescription drugs

By Candice Choi AP Business Writer - 09/15/2008

NEW YORK — In addition to changing leaves, for many of us, fall means we're handed a packet of materials and asked to ponder our medical benefits as part of open enrollment season.

So as you review your health care budget, remember that you may be able to save big on prescription drugs. At two pharmacies just a mile apart, for example, the price of the same medication can differ dramatically.

That's why doing your homework before heading to the drug store is just one way to cut costs on prescription drugs.

As the price of prescription drugs rises at a steady clip, here are six tips to keep in mind.

USE GENERIC MEDICATIONS The easiest way to cut down on the cost of drugs is to ask for your prescription to be filled with a generic version. Despite their no-frills sound, generic drugs are no less effective, so you should always find out if this lower-cost option is available.

And finding a generic alternative shouldn't be tough; generics are available for more than three-quarters of the 11,000 federally approved drugs on the market, according to the Generic Pharmaceutical Association. Last year, generic drugs accounted for 65 percent of all filled prescriptions, up from 56 percent in 2005.

FIND A LOWER-COST OPTION Even if a generic is not available, you may still be able to find a cheaper alternative. For example, someone with heartburn could save more than $100 a month by taking over-the-counter Prilosec instead of Nexium, said Gail Shearer, director of Consumer Reports Best Buy Drugs.

Before changing medications, of course, people should talk to their doctors about any impact a switch might have on their condition.

You can find additional guidance on lower-cost options for a range of conditions at www.CRBestBuyDrugs.com SHOP AROUND Call ahead to nearby pharmacies to get price quotes before heading out — especially if you're buying a brand-name drug.

Don't overlook tradi-tional retailers such as Target Corp. and Wal-Mart Stores Inc., which both offer $4 prescription programs. Target offers hundreds of generics at $4 for a 30-day supply, $10 for a 90-day supply. Wal-Mart's program follows the same pricing, but also includes some brand-name and over-the-counter drugs.

Other chains, including Kroger Co. and Safeway Inc., have rolled out similar programs.

ORDER BY MAIL You've probably become accustomed to renting movies by mail. Your health is certainly more significant, but if you haven't tried it you should also look into cutting costs by filling prescriptions by mail.

If you're on a daily medication you'll certainly want to investigate. It's likely that the pharmacy program of your benefits package will offer 90-day supplies at discounted prices, said Charles Cote, spokesman for the Pharmaceutical Care Management Association.

Ordering prescription drugs through the mail is convenient and could save gas money too, Cote said.

5. RESEARCH STATE DISCOUNT PROGRAMS. For those without insurance, at least 19 states now have prescription drug discount programs, according to the National Association of State Legislatures. These programs may be helpful if you're recently unemployed, find your COBRA coverage ending, or otherwise don't have prescription drug coverage.

The discounts and terms for eligibility vary, but Arizona, Oregon, Washington state, and Wisconsin have no age or income requirements to enroll.

6. BEWARE OF FREEBIES, DISCOUNT PROGRAMS. Lastly, proceed carefully before signing up for commercial discount programs, coupons or drug freebies. Upon closer inspection you may find that they are backed by pharmaceutical companies, and critics say they often steer consumers toward name-brand drugs.

The problem is that once the free samples or discount runs out, users may feel they need to continue on the same medication — but now at full cost.

Such discount programs often provide a few generic options, but it's unlikely to be an extensive list.

"Go in with your eyes open," said Consumer Reports' Shearer. "They sound appealing, but in many cases, people may save more money if they just take the time to go through their different options." ———————————— On the Net: www.CRbestbuydrugs.org www.michigandrugprices.com www.njdrugprices.nj.gov http://rx.nyhealth.gov/pdpw