Walgreens Launches Digital Tool To Help Save On Prescription Costs
Walgreens says its Rx Savings Finder will help customers compare coupon prices to get the best deal.
Walgreens is rolling out Rx Savings Finder, a free digital tool that displays third-party coupons for thousands of prescription medications.
The tool, which will work on your desktop or mobile device, offers transparent pricing for customers before they reach the checkout counter, Walgreens said in a statement.
Here’s how it works: You type in the name of your prescription, and the tool will populate with coupons from third-party discount cards along with prices for each one. Then, either click on the coupon or print it out to show to a pharmacist at check out.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
RxSavings Finder can be used regardless of whether a customer has health insurance, Walgreens said. However, coupons found in the tool cannot be combined with health insurance, manufacturer co-pay savings cards or with any other discount cards for one transaction, the retailer said.
Also, patients with Medicaid coverage should talk with a pharmacist about Medicaid program rules for cash transactions, Walgreens added.
Inflation is wreaking havoc on our wallets and can have "serious implications" on our health, Rick Gates, Walgreens chief pharmacy officer, said in announcing Rx Savings Finder. “Over one-third of Americans have avoided a prescription refill to reduce costs and, with over 131 million Americans taking at least one prescription medication, this is very concerning,” Gates said.
Growth of savings plans
The move comes amid a spate of prescription drug savings plans. Walgreens also has a paid subscription offering that starts at $20/month and gives customers access to discounted prescriptions as well as lower cost immunizations. It also has a separate partnership with GoodRX that offers medicines at up to 40% off.
In September, Select Health partnered with Mark Cuban Cost Plus Drugs Company to lower drug costs. GoodRx also recently launched a program to provide $35 insulin coupons to people with diabetes, making the drug more accessible.
In addition, there are a myriad of telehealth services that have sprung up in recent years. These include a $9/month virtual healthcare service through Amazon's One Medical unit, as well as a newly launched $33 video visits program at Walgreens.
There is no sign up required for the Rx Savings Finder. Simply visit the website to find out if your medications are included in the service.
RELATED CONTENT
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
Jamie Feldman is a journalist, essayist and content creator. After building a byline as a lifestyle editor for HuffPost, her articles and editorials have since appeared in Cosmopolitan, Betches, Nylon, Bustle, Parade, and Well+Good. Her journey out of credit card debt, which she chronicles on TikTok, has amassed a loyal social media following. Her story has been featured in Fortune, Business Insider and on The Today Show, NBC Nightly News, CBS News, and NPR. She is currently producing a podcast on the same topic and living in Brooklyn, New York.
-
What's Better Than Investing in Crypto? These 'Boring' Picks
Cryptocurrency may be good for a thrill, but older investors are better off with assets like bonds, guaranteed annuities, CDs and maybe dividend-paying stocks.
By Ken Nuss Published
-
Four Actions to Lessen Retirement Stress for Women (and Men)
Saving for retirement is anxiety-inducing for everyone, especially women. Following this four-part action plan can help improve your financial security.
By Nicole Stokes, CLTC®, CLU®, ChFC®, M.A., RICP® Published
-
Walgreens Launches Virtual Health Care Starting At $33
Walgreens has entered the telehealth space with a plan that let's you chat with a doctor or nurse for $33 or have a virtual visit starting at $36.
By Joey Solitro Published
-
Some Walgreens Pharmacists Walk Out Over 'Harsh' Conditions
Walgreens walkout follows two others last month by CVS staff who also cited poor conditions that put patients and staff at risk.
By Joey Solitro Published
-
Walgreens Enters Medicare Advantage Market in 4 States
Walgreens is launching Medicare Advantage plans with Alignment Healthcare in select markets in Arizona, California, Florida and Texas.
By Joey Solitro Last updated
-
Walgreens Expands Healthcare Reach With New Partnership
The healthcare deal aims to help Walgreens grow its community-based primary care services.
By Joey Solitro Published
-
Need a Flu Shot? Get a Shopping Perk Too
CVS, Walgreens, Kroger and many other retailers are offering incentives for getting flu shots at their pharmacies.
By Joey Solitro Published
-
Walgreens Delivery: Same-Day Service, Now 24/7
Need that Advil and Diet Coke right now? The pharmacy giant is the first of its kind to offer 24-hour same-day delivery.
By Bob Niedt Published