Eliquis (apixaban) is a popular blood thinner prescribed to reduce the risk of stroke and blood clots in people with conditions such as atrial fibrillation or deep vein thrombosis. While Eliquis can be a life-saving medication, its cost can be a significant concern for many patients. In Canada, where drug costs can vary, finding ways to reduce the cost of Eliquis is important for those who rely on it for their health.
If you’re struggling with the high cost of Eliquis, here are 7 effective ways to lower your expenses and make this essential medication more affordable. Read on.
1. Check for Government Coverage
In Canada, healthcare is publicly funded, but prescription drug coverage varies by province. If you have provincial or federal drug coverage through programs like Pharmacare or Ontario Drug Benefit (ODB), you may be eligible for financial assistance to help reduce the cost of Eliquis.
For instance, some provinces offer drug benefit programs for residents who meet certain income and health criteria. Such as:
- British Columbia
- Alberta
- Ontario
To find out if you qualify, visit your provincial government’s health website or contact your pharmacist or healthcare provider. They can help you navigate these programs and determine if Eliquis is covered. This is one of the very effective way to reduce the cost of Eliquis in Canada.
2. Explore Private Health Insurance
If you have private health insurance through your employer or a personal plan, it’s worth checking if Eliquis is covered under your policy. Many private insurers offer prescription drug benefits that can substantially reduce the out-of-pocket cost of medications like Eliquis.
Coverage often varies depending on the plan. So it’s essential to read the fine print and verify if Eliquis is included.
If Eliquis is not currently covered by your insurer, consider asking your plan provider about the possibility of adding it or requesting a special authorization. In some cases, private insurers will approve coverage for medications like Eliquis if your doctor submits a request explaining why the medication is medically necessary. These are the main ways why Eliquis cost Canada has gone down.
3. Consider Generic Alternatives (If Available)
While Eliquis itself is a brand-name drug, there are often generic versions of medications that contain the same active ingredient. In some cases, these generic options can offer significant savings. As of now, Eliquis is still under patent protection, meaning no generic version is available in Canada.
However, it’s always worth discussing this option with your doctor. If a generic version becomes available in the future, it could provide substantial savings.
In the meantime, your doctor might recommend an alternative anticoagulant that is covered by your insurance or more affordable than Eliquis. Some drugs are sometimes used as alternatives, such as:
- Warfarin
- Rivaroxaban (Xarelto)
This could offer a more budget-friendly solution.
4. Use Patient Assistance Programs
Pharmaceutical companies often offer patient assistance programs (PAPs) to help individuals who are unable to afford their medications. Bristol-Myers Squibb, the manufacturer of Eliquis, provides a Patient Assistance Program for Canadian patients who meet specific income requirements. This program can significantly lower or even eliminate the cost of Eliquis for those who qualify.
To apply for assistance, you typically need to fill out an application form and provide documentation of your financial situation. Your doctor may also need to submit a form confirming your need for Eliquis. You can learn more about the Eliquis Patient Assistance Program on the company’s website or by speaking with your pharmacist.
5. Look for Discount Coupons or Vouchers
Another way to reduce the cost of Eliquis is to search for discount coupons or vouchers. Sometimes, the manufacturer or other organizations will offer special promotions that can reduce the price of the medication. These coupons may be available:
- online
- at your pharmacy
- through your healthcare provider
While these discounts are typically limited in duration or quantity, they can be a useful way to temporarily reduce the cost of Eliquis. Especially if you’re transitioning to another insurance plan or trying to explore long-term savings options. Make sure to check the terms and conditions of any voucher to ensure it applies to your purchase.
6. Buy in Bulk or Larger Quantities
If you’re going to be taking Eliquis for a long period, purchasing in larger quantities can sometimes reduce the cost per dose. Many pharmacies offer a discount for larger prescriptions, which can make the overall cost more manageable. You might be able to save money by buying a three-month supply instead of refilling your prescription monthly.
However, this approach isn’t for everyone. Before committing to a larger supply, check with your pharmacy to see if they offer bulk pricing.
Also, confirm with your insurance whether they cover such a purchase. Ensure you are able to store the medication safely for the duration of the supply.
7. Compare Prices at Different Pharmacies
Drug prices can vary significantly from one pharmacy to another. In Canada, there’s no universal price for prescription medications, so it’s worth shopping around for the best deal. There some stores may offer different pricing for the same medication, such as:
- Larger chains
- independent pharmacies
- even online pharmacies
You can also use websites like GoodRx (available in some provinces) to compare prices across different pharmacies and find the best deal. Some pharmacies may even offer price-matching guarantees.
This means they will lower their price to match a competitor’s. It’s always a good idea to ask your pharmacist about any available discounts, loyalty programs, or special offers that could help lower the cost of Eliquis.
Reduce Eliquis Cost in Canada Now
While the cost of Eliquis can be daunting, there are multiple strategies you can use to make the medication more affordable. From exploring government assistance programs to using patient discounts and comparing pharmacy prices, there are many ways to reduce the financial burden of this critical medication.
Don’t hesitate to speak with your healthcare provider, pharmacist, or insurance company to find the best options for you. By being proactive and exploring these avenues, you can reduce your Eliquis cost and continue to manage your health effectively.
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