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Share Your Drug Saving Tips with Dr. Mike

By October 2, 2008

For the past several weeks, I have been writing a lot about how to save money on your prescription drugs. In fact, I even created a new section of the site called "Drug Costs" that has more than 15 articles about ways to save.

With the economy in trouble, I have no doubt that many of you are struggling with the high cost of healthcare, especially prescription medications. I've shared many of my thoughts and ideas about how to save. Now I would like to hear from you.

Have you hit the Medicare "donut hole?" Did you loose your job and, along with it, your health insurance and drug coverage? How do you save when you need to buy medications for yourself and your family?

Please leave a comment below or in the Medication Forum.

Photo clu/istockphoto.com

October 2, 2008 at 9:45 am
(1) Stephanie says:

DestinationRx (www.destinationrx.com)is a leading consumer resource, providing education, price comparisons, and purchasing options for a variety of prescription drug and other healthcare transactions. Here are some highlights of recent study about the “donut hole” and how seniors (and others) can save on prescription drugs by smart comparison shopping and an open dialog with their physician.

The majority of brand drugs used by Part D enrollees have lower cost alternatives
The average senior with osteoarthritis, GERD, high cholesterol, and hypertension would save an average of 88%, or $4,461.36 annually when optimizing their drugs using the DestinationRx Drug Compare Tool.
A senior citizen taking all brand name drugs will always reach the donut hole when enrolled in one of the five health plans listed. However, when a senior uses the optimized drugs, they will completely avoid the donut hole.

October 6, 2008 at 11:37 pm
(2) SusanAdcox says:

I just spent some time on the DestinationRx website. I think it is a good idea but is not 100% where it needs to be to be totally helpful. It didn’t compare prices from all the local pharmacies, and the prices it did give didn’t always agree with what I was finding searching on my own.

My dad has just hit the donut hole. He has been using a local pharmacy, and now we are going to have to go to Wal-Mart, where we can get about half of his medications for $4. If we had known about the donut hole ahead of time, we probably could have taken advantage of the $4 drugs to avoid the donut hole altogether, as you say. But somehow we missed hearing about it.

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