Top 100 Generic Drugs Calculator – Generics vs. Brand Names
One of the main deterrents from HDHPs for many people is that they do not offer drug coverage before the deductible is reached. This means that anyone who is on any ongoing brand name (costly) drugs will be paying a substantial amount of money out-of-pocket each and every month to pay for that drug before their deductible is reached.
With the cost of brand name drugs being $100+ per month, generic alternatives must be considered (provided one is available). Generic drugs typically cost less that $1 a day, sometimes just pennies. Conversely, the sky is the limit when it comes to the price of a brand-name drug.
For a comparison chart of brand names vs. generics, click here.
So generics are good, brand-names are bad right? Well first you’ll want to determine if the drug you are on has a brand-name equivilent. Some cutting-edge brand name drugs do not have a generic version available yet. You will also want to consult with your primary care physican because while generics are a great fit for nearly all individuals, your doctor will be the utomost authority on the topic of your prescription drug use.
TheUnadvertiseBrand.com is a very helpful online calculator that allows users to calculate the savings that may be made possible by a switch to a generic drug. The website is a product of Blue Cross Blue Shield of Michigan.
