Cut Your Prescription Costs

6. Use your flexible spending account.
If you have medications that you take regularly and know their yearly cost, you can save money by placing that known amount into a flexible spending account offered by your employer. If your company offers flexible spending accounts, they will allow you to set aside a portion of each paycheck, before taxes, that can be used for medical expenses such as prescription drugs, doctor's visits and even over-the-counter drugs. Contact your personnel representative for more information about saving this way.

7. Make lifestyle changes.
The best way to save on prescription costs is to not have to take the medication in the first place. While this won't apply for all medications, there are quite a few where you can make lifestyle changes, such as eating healthier and getting more exercise, that can eventually lead to not needing the prescription. Consult with your doctor or a nutritionist on what steps you can take with your diet and exercise that could help to reduce the number of prescription medications you currently need.

By considering options beyond where to purchase medication at the lowest price, you can find a number of legitimate ways to reduce the cost of what you're currently paying for your prescription drugs. Using any one of the above saving methods should provide a healthy discount over what you have been paying for prescription medication.

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