How to Save Money on Prescription Drugs

Affordable Care Act

How to Save Money on Prescription Drugs

Published on June 21, 2017

Share


Are you paying too much for your prescription drugs? Wouldn’t you want to know if there were a health insurance plan available to you that covered your drugs with less out-of-pocket costs to you?
.
At eHealth, when you compare different health insurance plans in your area, you’re invited to enter your personal prescription drug regimen into our drug coverage comparison tool and see which plans are estimated to save you the most compared to full retail drug prices.
.
So, how much can you potentially save?
.
We recently published a report on the more than 75,000 people that used our prescription drug coverage comparison tool during the most recent nationwide open enrollment period. Here’s a summary of what we found in aggregating anonymous data on these users:

  • $1,616 was the median amount of potential savings among all tool users
  • 67% discovered $500 or more in potential savings
  • 27% discovered more than $4,000 in potential savings
  • Men found greater potential savings ($1,891) than women ($1,382)
  • Adults age 30-39 found greater potential savings ($2,069) than other age groups
  • The average person entered 2.6 prescription drugs into the tool when comparing coverage

The most common drugs entered by health insurance shoppers into eHealth’s drug coverage comparison tool during the 2017 open enrollment period include the following:

  • Lisinopril, a drug commonly used to treat high blood pressure and heart failure
  • Metformin, a drug commonly used to treat type 2 diabetes
  • Levothyroxine, a drug commonly used to treat hypothyroidism
  • Atorvastatin, a drug commonly used to treat high cholesterol
  • Adderall, a drug commonly used to treat ADHD and other conditions
  • Amlodipine, a drug commonly used to treat high blood pressure and coronary heart disease
  • Vyvanse, a brand-name drug commonly used to treat ADHD and eating disorders
  • Synthroid, a brand-name version of levothyroxine
  • Buproprion, a drug commonly used to treat depression and to aid smoking cessation
  • Losartan, a drug commonly used to treat high blood pressure

For more information on the methodology of our report, read our May 3, 2017 press release.
If you’re a regular prescription drug user, make sure to use our drug coverage comparison tool while shopping for your next plan at eHealth.com.

We’ll let you know when we publish anything new.