It's not just the fees associated with insurance and doctor's visits, it's the actual prescriptions themselves that are rising in cost too. According to Milliman, prescription drug costs alone make up 17% of the average family's healthcare costs, which equals an average of $4,270 annually.
These increases can be challenging to navigate. Here's what you can do to help offset them:
- Look for ways to lower your out-of-pocket healthcare expenses.
- Always ask your doctor for the lowest cost, most effective way to treat a health condition.
- Use the FamilyWize Drug Price Lookup Tool to find the pharmacy in your area with the best price on your medication.
- Practice preventive medicine, which can help lower your family's overall healthcare costs.
- Look to lower or alleviate costs in other areas to help offset your overall household increases.
By understanding how these increases in healthcare costs affect you and your family and establishing ways to help defer these costs, you can still keep your family members healthy while enjoying the activities and lifestyle you desire.
6 Meds FamilyWize Users Save Big On!
You've no doubt read the common statistics about skyrocketing prescription costs. Anything you can do to save money on prescriptions — especially those you take regularly — is worth the effort.
One way to save is, of course, the FamilyWize Prescription Savings Card, which can save you quite a bit on your medications — even up to 82 percent! — depending on the drug. The card (and the app) is free and we pass 100% of the savings back to you, so you're always receiving the best price possible (whether it's ours, the insurance price, or the pharmacy price).
Not convinced? Today we're sharing six medications that FamilyWize users save big on. Just think — these savings could be yours too!
Generic SINGULAIR — Average Savings of 82%
The drug Montelukast Sodium, commonly known by its brand name SINGULAIR, is often prescribed to prevent or manage asthma symptoms and to relieve seasonal allergy symptoms. FamilyWize users save an average of 82% off the price they would pay without the FamilyWize discount card.
Generic Amoxil — Average Savings of 41%
Amoxicillin is a generic for the brand name drug Amoxil. It's regularly prescribed for infections, as many of you probably already know! When you use the FamilyWize card or app you can save an average of 41% off the total cost.
PredniSONE — Average Savings of 28%
Have you ever been prescribed PredniSONE? Many people have, as it can treat diseases and conditions associated with inflammation. For example it helps to relieve the symptoms associated with allergies and asthma. The great news is that when you use the FamilyWize card or app, you can save an average of 28% off the retail price of this commonly prescribed drug.
Generic Imitrex — Average Savings of 79%
Often sold under the brand name Imitrex, Sumatriptan Succinate is a drug that FamilyWize customers often use the prescription savings card for because using it results in an average savings of more than 79%! Sumatriptan is commonly precribed for migraine headaches.
Synthroid — Average Savings of 29%
Synthroid, a brand name drug, is one of the most prescribed drugs in the United States. It's used to treat diabetes and endocrine issues - and with FamilyWize you can save an average of 29% - on a brand name medication!
Generic Cymbalta — Average Savings of 74%
Duloxetine (also know as Cymbalta) is commonly prescribed to treat major depressive disorder or general anxiety disorder. When you use the FamilyWize card or app you can expect a average of 74% off the regular price.
Yes, the savings that come with the FamilyWize card are a huge relief for those without insurance and facing what can be large medical expenses, but anyone can use it! The FamilyWize price is sometimes better than the insurance price. For those who are underinsured with high deductibles or a plan that doesn't cover many necessary medications, and for those with insurance, the savings are there for the taking! Use the Drug Price Lookup Tool to find out what you'll pay before you go to the pharmacy, or don't be hesitant to present the card and ask the pharmacist for a price comparison.
Saving Money on Prescriptions
Aside from the FamilyWize card, there are other ways to save. Always ask your pharmacist about the availability of your prescription medication in a generic, non-branded version. The highest savings percentages, as noted above, will nearly always be with generic drugs. However, you can use the FamilyWize card with any prescription. No matter what, you'll always receive the best price.
We understand that this sounds too good to be true — but it's not! Here's how it works: FamilyWize negotiates with pharmacies across the U.S. to get discounts similar to what they would give large groups like insurance companies and employers. FamilyWize then passes 100% of these negotiated discounts to its cardholders. That's it!
Don't miss out on these savings. Get your free card here or the app here.