Tuesday, January 5, 2016

Ring in the New Year With a Resolution to Save!

The holiday season has come to a close, and resolutions have been set for the New Year. Now comes the hard part - sticking with them! According to Nielsen, the most popular resolutions include getting healthier, getting organized, and spending less money. However, research shows that 92% of Americans fail to achieve the resolutions they set.

Why does this happen? There are several reasons. Many people set unrealistic goals, while others don't develop a plan - they set a resolution without knowing how they're going to achieve it. 

By setting small, manageable goals and taking concrete steps to meet them, reaching your New Year's resolution suddenly becomes much easier. And if you're trying to save money in 2016, your medicine cabinet can be one of the best places to start. This year, help meet your New Year's resolutions by being smart with your prescriptions!

The first step to saving money with your medication is to make sure you are using them properly. Check the labels to make sure you are taking your medications as prescribed and that you are storing them correctly. While many Americans attempt to cut healthcare costs by taking less medication than they've been instructed, this ultimately has the opposite effect: the cost of non-adherence to the healthcare system is an estimated $290 billion annually.

If you're taking any name-brand medications, you may want to try talking to your doctor to see if there are any generic alternatives he or she can recommend. In many cases, generic medication can be a less expensive, but equally effective option. For more information, see our earlier blog post about generic prescription medication.

Even if you take generic drugs, prescriptions can often be costly, especially if you don't have insurance. That's why it's smart to take advantage of prescription savings cards like the one offered by FamilyWize. These cards can be a great resource for saving more on your medication and staying healthy.

The FamilyWize Prescription Savings Card offers an average savings of 42% on retail prescription prices and has no eligibility requirements. You can use it whether you're insured or uninsured, and getting savings is easy - simply show it to your pharmacist when you're picking up a prescription, and ask them for the lowest price.  You can also compare prices in your neighborhood at home by using the FamilyWize Drug Price Lookup Tool.  

You can print out or order your own FamilyWize card on our website, or download the free smartphone app, available on iPhone, Android, and Windows Phone. It’s a great tool for saving money, even if you have insurance, so make sure to always bring your FamilyWize card when you're making a trip to the pharmacy. Happy New Year, and enjoy the savings!    

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