KJ: I came across a website a few months back when going through our company’s open enrollment: myrxprice.com. Angela and I have been very fortunate not to have a bunch of prescriptions to fill each month, but for those of our readers that have regular prescription needs, this site could be a real money saver for your medical bills.
One of the most challenging things about building a budget is the unexpected costs that arise, and what’s more unexpected than some random medical issue? Even if you have some regularity to doctor visits or prescription costs, how do you plan around the significant costs? Whether you have to go to the doctor for relief from incessant sinus pressure or you have to go pick up some regular cholesterol medication, what better thing to do than our all-time favorite hobby: shop around?
Question your costs
When it comes to medical expenses, most people don’t question the price they pay. Why not? We question what we pay for cars, we question the price at our favorite retailer, and we question all of our other everyday purchases – whether directly through some form of haggling or negotiating or indirectly by shopping at a different retailer or waiting for something to go on sale. It’s about time we start to question what our doctors and physicians prescribe and get rid of the mentality that just because our doctor says we need it means it’s going to cost us our first-born. The time has come for a site that helps us shop around for our prescriptions and that site is here: myrxprice.com.
How it works
The site is simple and intuitive. You simply search for your medicine by name and enter your zip code. It then pulls up all of the pharmacies around the area, and it points you to whichever is cheapest. How much easier can it get? Go ahead, try it out!
Save even more with an HSA
When looking at your after-tax cost of your medical expenses, consider your HSA options. You might even be able to save above and beyond on your medical expenses. Check out our prior post on what an HSA is and how to use it to your benefit.
Consistency can be REWARDING
Some pharmacies (including CVS) offer some type of savings or rewards for using them regularly. While they can be enticing, try putting pen to paper to see if you are really saving as much as you think you are. In the end, you might be able to come up with some creative ways to save a little extra [insert favorite purchase] money.
- Try entering your prescriptions and tell us what you could be saving each month on your costs by switching pharmacies. Are you already paying the lowest in your area?
What tools do you use to save money on your medical bills?
Share with us your tips on cutting your health care costs.
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