Compound Medication Cost and Insurance Coverage
As a unique, personalized approach to healthcare, compounded medications are the perfect solution for anyone who needs something more than a one-size-fits-all remedy. It’s no wonder countless doctors and patients are turning to compound pharmacies for unique, custom medications.
But what do compound medications cost?
While these medicines can be a godsend for those suffering from medical issues, they can also be costly. Because these drugs are customized just for you, they cost a lot more due to the ingredients and labor involved. Some medications can cost several hundred dollars, but some compound pharmacies charge a lot less. That’s why it’s a good idea to do your research.
Are Compounded Prescriptions Covered by Insurance?
When it comes to compounded medications and insurance, there are no universal answers. Sometimes your insurance may cover the drugs as they do with mass-produced medication, while other insurers may not cover compound drugs at all. Some decide coverage on a case-by-case basis.
Unfortunately, there are no guarantees when it comes to insurance and compounded medications.
Tips to Save Money When Buying Compound Medications
For compound drugs, insurance coverage is not a given. Therefore, expect to pay out of pocket for these specialized medications. Thankfully, there are ways to save money.
- Pay out of pocket. Sometimes compound drugs are cheaper when you pay out of pocket rather than use your insurance. That’s because insurance companies use a tiered system. Ask to get a discounted price for paying cash instead.
- Ask about discount programs. While there won’t be a manufacturer attached to your compounded prescription (and therefore no manufacturer discount), many pharmacies offer some type of discount, so ask.
- Get a lengthier prescription. It takes a lot of work to create compound drugs, so if you can get a greater supply, that could work in your favor cost-wise. Ask about a 60-day or 90-day supply. Not only will you save money, but it’ll be more convenient.
- Research alternatives. If you are taking multiple compounded prescriptions, ask your pharmacist if you can get a customized prescription that reduces the number of prescriptions and ingredients—not to mention the cost.
Contact a Compounding Pharmacy Today
If you have questions about compounded medications and insurance, it’s best to discuss your concerns with a compounding pharmacy. In Arizona, Utah, Colorado, and California Strive Compounding Pharmacy is your one-stop-shop for compound drugs. We have 40 years of experience serving customers and providing them with medications that contain high-quality ingredients. We specialize in women’s and men’s health and can even serve your pets’ needs.
Contact Strive Compounding Pharmacy today to learn about how we can give you the right compound medications at affordable prices.