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March 4, 2013

How to save on prescription drugs

(Continued)

The key, of course, is being able to purchase a 90-day supply rather than a 30-day.

Help from big pharma

Finally, pharmaceutical companies themselves may be able to help if you can show that you cannot afford prescription medicine. Several companies offer programs that allow consumers to take a discount drug card to the pharmacy to get a certain amount off the price of prescription drugs. And most major pharmaceutical companies offer programs which give free or low-cost medicines to people in need.

For example, GlaxoSmithKline (GSK) operates its Orange Card program. It offers 20 percent to 40 percent off the usual price of the company's drugs. It is open to older people who are without health insurance and who have an annual income not exceeding $30,000 to $40,000 for a couple.

Merck's discount program offers discounts of 15 percent to 40 percent on many of the company's medicines to uninsured patients, regardless of age or income. About 15,000 people signed up for the program within the first few weeks that it began in April 2005, the company says.

Story provided by ConsumerAffairs.

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