Skip to main content

Wise consumer spending when it comes to prescription drugs can benefit you in many ways. Not only can it help save you money on your co-pay at the pharmacy counter, it can also help keep benefit plan premiums affordable, today and for future generations to come.

What makes up the cost of a drug?

The cost of a drug can differ depending on pharmacy, region, or province. The total cost of a drug can include more than you might think:

  • Ingredient/manufacturer cost: The sale price charged by the manufacturer for the drug
  • Wholesaler mark-up: The amount added to the drug’s cost to cover the distribution supply chain
  • Pharmacy dispensing fees: A separate amount charged by a pharmacy to fill your prescription- intended to cover services such as dispensing the drug and conversations about the drug with the patient
  • Pharmacy mark-up: An additional amount added to the drug cost that is charged by the pharmacy to cover other overhead and operational costs

Helpful tips to save you money

   

1

Call around to pharmacies to compare the cost of your prescription.

2

Ask the pharmacist for a three-month supply on maintenance medications; this may help reduce the dispensing fee.

3

Consider an online pharmacy for maintenance medications- they tend to have less pharmacy mark-up.

4

Always ask the pharmacy to fill your prescription with the generic drug instead of brand name drug.

5

Use our Medavie Mobile app to compare the ingredient cost of drugs instantly, even while meeting with your health care professional.