Check your insurance plan’s formulary. This document lists covered medications and their associated costs. Look for “sildenafil” (the generic name for Viagra) or brand-name Viagra. Your plan may cover the generic, which is significantly cheaper.
Understanding Your Copay and Deductible
Once you’ve confirmed coverage, understand your copay (the fixed amount you pay per prescription) and your deductible (the amount you pay before insurance coverage begins). Many plans offer lower copays for generic medications. If you have a high deductible, consider negotiating a lower price with your pharmacy or exploring manufacturer coupons to offset costs.
Contact your insurance provider directly. They can clarify your coverage specifics, including any prior authorization requirements or preferred pharmacies offering discounts. This direct communication often reveals hidden cost-saving options.
Explore prescription discount cards. Several companies offer cards that negotiate lower prices with pharmacies, regardless of your insurance coverage. Compare multiple cards to find the best deal for your situation. Remember to check your insurance copay against the discount card offer, as the copay might be lower.
Consider mail-order pharmacies. They frequently provide lower prices for larger quantities of medication, which can be cost-effective for long-term use. Compare the price of a three-month supply from a mail-order pharmacy versus single monthly prescriptions from your local pharmacy.
