A personal loan can be a great way to cover unexpected and big expenses. Medical costs often fit this bill, coming up unexpectedly when you have an emergency, an accident, or just a recurring illness or injury.
You can use a loan to pay these, which is a good way to avoid carrying around medical debt, but when it comes to everyday medications, there are some easy ways to save. By saving on prescriptions, you can use those personal loans for the big things.
Shop Around and Save Personal Loans for the Big Stuff
Not all pharmacies sell prescriptions for the same price. It pays to shop around and compare prices before you purchase your medication. And don’t limit yourself to just stores down the street.
Look online for better prices through mail-order pharmacies. You’ll also want to try your warehouse club. With your membership you can get some great deals on common prescriptions.
When you save this way, you can rely on personal loans for those times when your medical expenses are truly through the roof.
Find Discount Prescription Programs
Some of the major chains stores that have pharmacies actually offer discount programs for some of the most common and generic versions of medications.
Things like antibiotics, for instance, may cost as little as a few dollars with one of these programs. Some of the programs are based on income and a sliding scale, while others may be based on age offering discounts to seniors. None of the prescription programs cost membership fees, so it pays to ask about them.
This can save you a ton of money, but you still may need personal loans for times when you just can’t afford your medical bills.
Buy in Bulk and Buy Generic, and Use Personal Loans as Needed
There are many prescriptions that are available in more than one-month amounts. For example, you can get a three-month supply of some birth control medications for the same price as a one month supply.
Many drugs are offered this way, and buying in bulk can save you a lot of money even though you have to pay more up front.
Additionally, always buy generic when you can. These drugs are exactly the same as the brand name versions and are much cheaper. If you really need an expensive, brand name drug, personal loans can help.
How to Use Personal Loans for Medical Expenses
It’s great if you can pay for mediations and medical care without borrowing, but if you need to, personal loans are here for you.
All you need to do is go online to apply, provide just a little bit of information, and then work with the lender that wants to approve your application. It’s really easy, you can do it all online, and you can get the cash as early as the next morning so you can take care of medical issues right away.
