How to Lower Your Prescription Drug Costs
Prescription medications can take a big bite out of a fixed income. The good news: there are several proven ways to pay less — often without changing what your doctor prescribes. Here are the most effective.
1. Ask about generics
Generic drugs contain the same active ingredients as brand-name versions and are held to the same standards, but cost far less. Ask your doctor or pharmacist whether a generic or a lower-cost alternative is right for you.
2. Use a prescription discount card
Free discount services can lower the cash price of medications, sometimes below your insurance copay. It’s worth comparing the discounted price against your plan’s price each time — you can use whichever is cheaper (though not both at once).
3. Try 90-day and mail-order supplies
For medications you take regularly, a 90-day supply — especially by mail order — often costs less per pill than monthly refills at the pharmacy. Ask your plan whether this option is available.
4. Look into patient assistance programs
Many drug manufacturers and nonprofits offer patient assistance programs that provide medications free or at reduced cost to people who qualify based on income. Your doctor’s office or pharmacist can point you to the right programs.
5. Review your Part D plan every year
Drug plans change their prices and covered-drug lists annually. During Medicare Open Enrollment (October 15 to December 7), compare plans to make sure yours still covers your medications at the best price. And remember the 2026 improvement: your out-of-pocket drug spending is now capped at $2,100 a year. Learn more in our guide to Medicare Part D.
6. Talk to your pharmacist
Pharmacists are an underused resource. They can flag lower-cost options, spot duplicate medications, and suggest ways to save. Don’t be shy about asking, “Is there a cheaper way to get this?”
Morning News Life is an independent publisher and is not connected with or endorsed by the U.S. government, Medicare, or the Centers for Medicare and Medicaid Services. This article is for general educational purposes only and is not insurance, medical, or financial advice.
