Buying prescription drugs when you don’t have insurance can be stressful and expensive. but some strategies can help you save money. Some of the resources available include national, state, and disease-specific drug assistance programs, mail order or volume discounts, and retail savings programs. however, if you are eligible for health insurance, getting coverage is the best way to save money on all health care costs, including prescription drugs.
Do I need insurance to get a prescription?
No, you do not need to have health insurance to get prescription drugs. however, the cost of medications will most likely be higher if you do not have insurance. Fortunately, there are some resources available that can help you save money when buying prescription drugs without insurance.
tips to save money on prescriptions without insurance
Buying prescription drugs without insurance can be costly if you don’t know what resources are available. Here are some strategies that can help lower the cost of buying prescription drugs without insurance.
retail savings programs
Several large retailers, including drugstore chains like Walgreens or CVS, offer savings programs for members. If you have a large retailer or pharmacy near you, contact them to find out whether or not they offer prescription savings programs.
consider using generic drugs
Choosing a generic drug over a brand-name version is a great way to lower prescription drug costs. generic drugs are equal to their brand-name counterparts in potency, quality, efficacy, and safety. but they don’t have to repeat the same clinical trials already done for brand-name versions, which is why they are often priced significantly lower.
mail order for volume discounts
When ordering prescription drugs by mail, there may be a discount on the price for bulk orders. For example, if you order a three- or six-month supply at a time, you pay less overall than if you order a month’s supply at a time.
apply for national or disease-specific drug assistance programs
National and disease-specific drug assistance programs can help you get free or low-cost drugs if you don’t have insurance or can’t afford them. You can find a list of some of the disease-specific drug assistance programs here.
apply for state drug assistance programs
Several states also offer drug assistance programs. In some cases, you must receive Medicare and have limited income and resources to qualify. contact the extra help program for more information at 800-772-1213.
try to contact the manufacturer
If none of the above methods work to save you money on prescription drugs, try contacting the manufacturer of the specific drug you need to inquire about any discount or cost reduction programs they may offer. Most of the newer and more expensive drugs offer some kind of discount, especially during the first year of use.
how to get health insurance
Saving money on prescription drugs when you don’t have insurance isn’t impossible, but finding insurance coverage can make it easier to save on all costs related to health care, including prescription drugs.
Medicaid provides free or low-cost health benefits to those who are eligible. Medicaid eligibility requirements include:
- low-income adults
- pregnant people
- people over 65 years old
- people with disabilities
Eligibility requirements may vary from state to state. To see if you qualify, contact your state Medicaid office. In general, there are two ways to apply for Medicaid:
- through your local state medicaid agency (must be a local resident)
- Fill out an application through the Health Insurance Marketplace
Medicare is a federal insurance program that helps eligible people access health care. those who may be eligible for medicare include:
- people over 65 years old
- people age 65 and under with certain disabilities
- people of any age with end-stage kidney disease requiring dialysis or a kidney transplant
- part a: hospital insurance
- part b: health insurance.
- part c: private insurance option to cover medical and hospital expenses
- part d: prescription drugs
Medicare has four parts:
To determine your Medicare eligibility and premium, you must visit the Medicare website at https://www.medicare.gov/eligibilitypremiumcalc. You can apply online or in person at your local social security office. the enrollment period for most people begins three months before their 65th birthday and lasts seven months. coverage generally begins the month after you enroll.
low-price health care law market
See also: Life insurance for elderly people
The Affordable Care Act (ACA) Health Insurance Marketplace is a resource for individuals, families, and small businesses to search for and find affordable health insurance. You must reapply for coverage each year through the Marketplace website. the enrollment period for the following year generally begins in November and runs through January 15 of the year in question. To find out if you qualify, visit this page.
coverage for young adults
Most young adults under the age of 26 can be added to their parent’s health care plan, as long as their parent’s insurance covers dependents. In most cases, a young adult can join and stay on their parent’s plan until they turn 26, even if they get married, have or adopt a child, start or drop out of school, live away from their parents or do not claim as a tax dependent. To see if you or your child qualify, check with the insurer. young adults can often be added to their parents’ insurance plan during the open enrollment period.
health insurance for students
Young adults under the age of 30 can get health insurance through their school. this can be an easy and inexpensive way to get basic coverage. If you’re not sure whether or not your school offers health insurance, contact them directly.
In 2019, approximately 49.6% of American adults received health insurance through their employer. Many employers across the country offer health care plans as part of their comprehensive benefits package. this is one of the many ways that employers can compete and attract the best talent.
If you do not currently receive health care through your employer, you may contact your human resources representative for more information. If health care coverage is not an option, you can look into other job opportunities that offer health care coverage as an included job benefit.
how health can help
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