Best Ways to Save on Health Insurance: Avoid Brand Name Drugs
Posted in Health Insurance
May 7th, 2009
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To better understand how avoiding brand name drugs can help you save, let’s take a closer look at generics vs. popular brands.
Brand Name vs. Generic
You’re worried that if you start avoiding brand name drugs you won’t be as healthy as before, or get the same benefits from the drugs. This is a common misconception that many people believe, because generics don’t receive the benefit of advertising. In reality, generics are former brand-name drugs with expired patents. This means, they actually accomplish the same goal as the more popular versions but cost much less.
Ask for Generic Prescriptions
You may not be aware of this, but most doctors’ offices are already on board with helping you save on health care. If you have ever received a prescription for a drug, the doctor may give you its name and tell you it’s the generic form of another drug. Even if the doctor doesn’t tell you this, there’s a fairly good chance that he’s doing this for you anyway. By switching to generic prescriptions, you’re saving $20 or more on your prescription co-pay. Doctors know that it’s important for everyone to save on health insurance nowadays, which is why they help you cut costs in as many ways as they can.
The good news is that many top stores and pharmacies are in the middle of a generic drug-price war, allowing patients with or without insurance to pay as little as $4 for generics. So whether you need over-the-counter drugs, or prescriptions, it’s good to know you can save on health insurance by simply avoiding name brand drugs.
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