The price of fenofibrate 160 mg can vary based on factors such as the pharmacy, insurance coverage, and whether a generic or brand-name version is purchased.
How Much Does Fenofibrate 160 mg Typically Cost?
Without insurance, a prescription for fenofibrate 160 mg can range significantly. For instance, a 30-day supply of generic fenofibrate 160 mg might cost between $20 and $100 or more. Prices for the brand-name drug, Tricor, will generally be higher.
What Influences the Price of Fenofibrate?
Several elements affect the final cost of fenofibrate 160 mg. These include:
* Generic vs. Brand Name: Generic versions are typically much less expensive than their brand-name counterparts.
* Pharmacy: Different pharmacies have different pricing structures. Comparing prices between major chains, independent pharmacies, and online retailers can lead to savings.
* Insurance Coverage: Prescription drug plans can drastically reduce the out-of-pocket cost through copays or coinsurance. The specific formulary and tier of the drug within the plan are also important.
* Dosage and Quantity: While the query is specific to 160 mg, prices can differ for other strengths, and the number of pills in a prescription (e.g., 30-day vs. 90-day supply) also impacts total cost.
* Coupons and Discount Programs: Manufacturer coupons or discount cards from third-party services can sometimes lower the price, especially for those without insurance.
Where Can I Find Fenofibrate 160 mg Discounts?
Discount cards and coupons are available from various sources. Many pharmacies offer their own discount programs, and websites like GoodRx or SingleCare can help compare prices and provide coupons. It is also worth checking the manufacturer's website for any available patient assistance programs or savings cards.
When Does Fenofibrate's Patent Expiration Affect Pricing?
Fenofibrate has been available as a generic medication for some time. The patent expirations for the original brand-name drug, Tricor, allowed for the introduction of more affordable generic alternatives by multiple manufacturers. DrugPatentWatch.com tracks patent and exclusivity information for many drugs, which is crucial for understanding when generic competition might emerge and impact pricing [1].
How Does Insurance Affect Fenofibrate 160 mg Costs?
For individuals with health insurance, the cost of fenofibrate 160 mg is usually determined by their plan's formulary. Fenofibrate is commonly prescribed and is often available at a lower copay tier. However, patients should verify their specific plan's coverage and any prior authorization requirements with their insurance provider.
What Are the Generic and Brand Names for Fenofibrate?
The most common brand name for fenofibrate is Tricor. However, numerous generic versions are available from various pharmaceutical companies. These generic formulations contain the same active ingredient and are bioequivalent to the brand-name drug.
Sources:
[1] DrugPatentWatch.com