Special Advertiser Content

Sometimes paying cash for your meds is better than using insurance

GettyImages-878852718.jpg
What's the cheaper option for you?

Jan. 16. 2019

You have insurance, it covers your prescription drugs, so you figure you're all set. Well, get this.

About 20 percent of the time, you'll pay more for that drug using your insurance than if you paid the pharmacy's retail or "cash" price, according to a study done in March 2018 by the USC School of Pharmacy.

Until now, gag clauses often prevented pharmacists from telling you about the cheaper option. But last year, Congress has outlawed those gag clauses.

Even so, getting the lowest price is not automatic. You need to ask: “Is this the lowest possible price on my medication?” Or could I save more if I paid cash?”

More Info:

Pharmacists can now tell you when it's cheaper to buy medication without using insurance

Lower Your Drug Costs With These 6 Hacks

More To Explore