Across the United States, the cost of prescriptions is a concern for every person. The apprehensions stem from the cost of drugs being very high compared to other countries. So when a person is diagnosed with Type 2 diabetes, the question is, how much will their medication cost?
According to the American Diabetes Association, the average medical cost for those who are diagnosed with diabetes is $16,752 and $9,601 is attributed just to treating diabetes itself. That cost is attributed to supplies and medicine.
According to Health.costhelper.com if a person does not have insurance, their medications can cost between $200-$500 or more a month. If a person has insurance, copays range from $10 to $50 a month. That can add up to $200 for patients that need multiple drugs per month.
There is a silver lining to the cost as there are many options available that can help the average person save money on their prescriptions. Some programs offer assistance. There are online discounts, coupons, and other tools to lower the cost.
How Much Does Farxiga Cost?
If the patient doesn’t have insurance, the cost for a 5 mg oral tablet for a 30-day supply is around $648.93 (pricing as of June 2022); the price can vary depending on the pharmacy that is chosen. Also, the cost can vary after each year. There is a rising cost of Farxiga, which on average has gone up 3% year over year.
With the rising costs that are passed onto consumers, it is important to know what one can do to save on the prescription cost. So the next question that comes to mind is what can I do to help save on cost?
How Can I Get a Discount on My Farxiga Prescription?
This is a very important question that is asked by the consumer because the cost is so high for Type 2 diabetic medication. When the cost for a monthly supply of Farxiga is close to $700 without insurance, patients will need to discover what they can use to save money.
1. Medication Assistance Programs
Pharmaceutical companies are usually the sponsors of medication assistance programs. Nonprofit organizations and state programs are also accessible. Prescription medication can be provided free or at minimal cost to those who do not have health insurance or are underinsured.
Because benefits and requirements vary from program to program, the benefits you receive can vary greatly. Various programs can define and set their eligibility requirements, so there is no standard enrollment process.
Accordingly, you must meet (or at least be similar to) the following requirements:
- Legally reside in the United States or Puerto Rico.
- Show proof that you are uninsured or that your insurance does not cover your medication.
- As defined by the chosen program, meet the income eligibility requirements.
PAP registration can either be done by phone or online. As evidence of your eligibility, you will be asked to submit tax forms and proof of residence. Also, most PAPs require the doctor to fill out a form.
Once applied and subscribed, there may be limits on:
- The amount of medicine that you can obtain.
- There might be a time limit on how long it will last for you.
2. Use Your Health Insurance
Most private health insurance and Medicare have plans that cover Farxiga. It typically is on their list of medications that are covered. This is your best option to claim the medication cost through your insurance. Each insurance is different in regards to how much will be covered.
Keep in mind that even though you have insurance, the insurance company might require prior authorization. This is one of those insurance steps that might be necessary to get coverage from the insurance company as they have restrictions on certain medications.
Insurance also might have step therapy in place, which is like prior authorization. Step therapy is where health insurances put restrictions on certain medications where you will need to show that less expensive medications are not as effective as the more expensive medications.
It is important when you get a prescription from your doctor you know what might be covered as well as if there is a process that might be done to get the right treatment. Therefore, talking to your provider will help you end up with the right medicine and the right cost.
3. Manufacturer Savings Card
Farxiga offers a Farxiga Savings Rx Card that will help get insured and uninsured patients Farxiga for as little as $0 per month. This works as long as the doctor makes a monthly prescription.
Restrictions do apply to this savings card. This card will work if you are covered commercially and your insurance does not cover the full cost or if you are not insured and responsible for the entire cost of the prescription. Different rates apply to what is covered so make sure you read the terms of use to understand your responsibilities.
4. Buy In Bulk/Mail Order
Prescriptions can sometimes be cheaper if you can get a 90 day supply instead of a shorter 30 day supply. Also, the insurance might offer a cheaper method of getting the prescriptions mailed to you vs. getting them filled at the pharmacy.
5. Get Prescriptions Filled at a Preferred Pharmacy
Shop around with pharmacies with your prescription. Compare the cost at each pharmacy to find the lowest cost for the prescription. Some private insurance plans belong to a network of preferred pharmacies that offer lower copays on your prescriptions. This can be cost-saving to you so make sure you know what your insurance plan’s preferred pharmacy of choice is for you.
6. Talk to Your Physician
Physicians may be able to help out with prescription costs as well. Have an open conversation to see if there is a generic for the medication. Unfortunately, for Farxiga there is no one available. You can ask if there is a less expensive medication that works similar to your prescription to see if that will work. Also one can ask if you can get a higher dose that can be split in half to help save on the cost.
7. Search for Vouchers and Rebates
The internet is a wonderful tool to look for vouchers and rebates that can be used for your prescription for Farxiga. Go online and type in vouchers and rebates for your prescription. There are different ways to obtain vouchers/coupons and rebates. Some of them might be printed right off the website, sometimes you might need to register on the website, and others even offer free samples. You can approach your physician as well as they might have rebates and coupons in the office that they can hand out.
8. Savings with a Pharmacy Savings Card
Some large chain pharmacies offer their own saving cards on prescriptions. This is a tool that allows anyone to save on prescriptions at the pharmacy. Talk to your local pharmacy and see what is the best option for your prescription. There are several of these saving cards available so it can be a great option for savings.
The cards can not be used with your own health insurance. Although, the pharmacy can let you know what one is less expensive and charge you that amount for your prescription.
9. Save with FSA or HSA
If you have a flexible savings account (FSA) or health savings account (HSA) and have put money aside to be used for medical expenses, then they can help out with prescription costs. Anything that is paid out of pocket that is considered a health expense such as prescription cost can be reimbursed through these accounts.
Who are The Rx Advocates?
Patients with prescriptions can obtain medicines through patient assistance programs (PAPs) with the help of The Rx Advocates. Over 100 PAPs of U.S.-based pharmaceutical companies are members of our prescription advocacy program. We offer more than 800 FDA-approved medications, as well as the top 100 prescribed medications in the United States.
There are no hidden fees or additional charges. Patients pay a fixed service fee of $80-$110 per month. The amount is dependent on the number of medications you might need help with. No matter the retail price of the medication, these fees include 100% of the cost.
Contact us today to see if we can help get the savings you need.
