If you’ve been using discount drug cards to help reduce your monthly prescription drug costs, there’s a new study out that can help you decide which discount drug card might make the most sense for you:
Edgar Dworsky, founder of ConsumerWorld.org, conducted an informal price comparison of four prescription drugs, using five different discount cards. The cards are available as a benefit from membership organizations, like the AARP and the AAA, as well as free from discount-card Web sites. Some drugstore chains have their own, proprietary discount cards.
Mr. Dworsky’s test used cards from AARP and AAA, as well as free cards from Simple Savings, National League of Cities and Una RX. He tried the cards at CVS locations in July and at Costco and an independent pharmacy in May. He tested the price of four drugs in common dosages: two generic and two brand-name versions. All pharmacies used were in Massachusetts.
Savings ranged from zero to as much as 71 percent off the cash price that an uninsured person would otherwise pay, with an average savings of 16 percent, Mr. Dworsky found.
Discounts varied depending on the card and the drug.
The Challenge of Comparing Discount Drug-Card Prices
Do you use a discount drug card for your prescription drug costs? Tell us about it in our prescription drug forum!
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Rx discount cards are essential in todays economy. Since there isn’t any one answer for everyone, I recommend exploring (aka shopping) for the best limited deal. The cards I provide are FREE and does not have any formulary exclusions which is key for people with limited coverage (generic only, Medicare/Medicard), high deductible plans, or in the Medicare Donut hole.
These cards may not make very expensive drugs any more affordable ($1000/mo is expensive and even a discount of $500 may still be out of reach) but they can lessen some of the financial pain.
Whenever you can get more for your money I think that option is worth exploring.