3 ways to save on your prescriptions in 2024
Healthcare costs will continue to rise next year. Here are 3 smart ways to save on your prescriptions in 2024.
It’s no surprise to your pocketbook: Taking care of your health has never been more expensive. And forecasters say those costs will continue to rise in 2024.
Fueled by medical inflation, chronic conditions, and rising prescription prices, health care costs are expected to experience a sizable hike next year. Employers project a median health care cost increase of 7% for 2024, according to new data from the International Foundation of Employee Benefit Plans (IFEBP).
This is not what the already financially stressed want to hear. New analysis by SecureSave found that 63% of employees would be unable to cover a $500 emergency.
But it’s not just our wallets feeling under the weather, higher costs can influence our wellbeing, too. As prices go up, we’re forced to find new ways to save on healthcare, including our prescriptions. Nearly half of consumers (49.5%) said they’ve abandoned a prescription at the pharmacy within the past few years because it was too expensive.1 And about three in ten adults report not taking their medicines as prescribed at some point in the past year because of the cost.2
The good news: There are steps you can take to stay ahead of rising costs, so your health doesn’t get left behind.
3 ways to help save money on your medications next year
Mobile-first technology gives you more prescription power. Now you can shop for better prices on medications, just like you shop for everything else. And pharmacies offer ways to pay that could lead to savings, too.
Bring on 2024
Unfortunately paying more for the things we need is becoming more common. The economy will continue to fluctuate, prices will rise and fall. The best way to face the uncertainty is to stay ready for what’s next. Prescryptive’s technology can help you take control of your prescription experience so you can save money on the medications you need. Here’s to a healthy 2024!
1 Healthcare Finance News