Ways to cut rising prescription drug costs

Prescription drug prices continue going up, but there are ways you might be able to save some money without sacrificing your health.

Generic drugs can be as much as 80 percent less than the brand-name equivalent, plus the co-insurance rate might also be less.

Keep in mind: Some insurance companies won't even cover some pricey brand name drugs.

Janet Bodnar, editor of Kiplinger's Personal Finance magazine, suggests another way to make generics work for you - some pharmacies charge as little as $4 for a 30-month supply of a generic.

"And you don't even have to use insurance for this; you just go in and pay for it. It's very simple," Bodnar said." You get your drugs and a very affordable price. Sometimes, it's best just to circumvent insurance."

There are no generics for some brand-name drugs -- but there may but what's called a "therapeutic alternative" - a drug that's chemically similar and does the same thing.

Many of these are older drugs and they're often safer than newer ones and they typically cost a fraction ofwhat the brand-name drug does.

If cost is a problem, talk to your doctor about whether there's a therapeutic alternative available that might work for you.

More Info:

50 Ways to Cut Your Health Care Costs
Tips for keeping medication costs down