How to Save on Prescription Fees Even if You Have Coverage
For many Canadians, prescription drug costs are a part of daily life. From asthma and diabetes to mental health, the price of prescription medication can quickly get out of hand
The price of medication may
While most (about 97% according to the Government of Manitoba) dispensing fees end up below $30, some can climb up
But before you go out to find a cheaper pharmacy, you need to know what these fees are, how they’re calculated and how you can save money.
What are pharmacy dispensing fees?
In Manitoba, drug prices
Unlike prescription drug costs,
Most dispensing fees are somewhere between $5 to $10 dollars, but different pharmacies get to that number in different ways. Depending on your pharmacy, the fees can
Along with the dispensing fee, pharmacies may also charge out a compounding
Does my insurance cover dispensing fees?
Recently, the government of Manitoba capped the Pharmacare coverage of pharmacy dispensing fees at $30. The government also covers an extra $30 for compounding fees and $60 for sterile compounding fees.
However, if a pharmacy charges a rate higher than Pharmacare covers, the excess
For those who purchase private coverage, check your policy to see if you’re covered, and
to save on dispensing fees
If you don’t know how much the pharmacy you go to charges for a dispensing fee, that’s a conversation you should start as soon as possible. Because, while the fee may not show up on a receipt,
During this conversation,
Once you have that information, the next step is to find out more about the other pharmacists in your community. By asking the right
Shopping around for the lowest rate
–Because professional fees vary so much, you may save money simplyby switching pharmacies, even if your insurance covers a portion of the fees.
Making your pharmacy visits more efficient
–If your pharmacy charges a flat fee, you can save money by filling as many prescriptions as possible for each visit. If you take ongoing medications, like asthma medication, see if you can fill three month’s worth with one visit to save on fees.
By looking around, and being aware of what your pharmacy charges, you can make the most of every dollar you spend there. So choose your pharmacy wisely.