Life Happens. We’re here to help.

Save Money with Generic Pharmaceuticals

02F00802 1024x683 1

October has many wonderful aspects (football, bright-colored leaves and pumpkin spice lattes to name a few). Yet, this month is also the prime crossroad of fall allergies and flu season. The last thing you want is to spend your Black Friday shopping fund on brand name pharmaceuticals – avoid breaking the bank on medications by opting for generic pharmaceuticals.


What are the Differences Between Brand Name and Generic Drugs?

Pharmaceutical companies originally discover and develop brand name drugs. Once the FDA approves the drug to go to market, the innovator company has market exclusivity to sell their brand name product through patent protection.

The patent allows the innovator to sell its product without competition to recoup the millions of dollars spent during development and to generate a profit. When the patent expires, the product is eligible to become a generic drug.

According the FDA, a generic drug is identical (or bio-equivalent) to a brand name drug in dosage form, safety, strength, routine of administration, quality, performance characteristics and intended use.

This means brand name medications are no different than their generic counterpart. Save the $20 you would spend on Claritin with $4 Loratadine, the exact same drug. Generic drugs on average cost 40 to 60 percent less than brand-name drugs.

Generic pharmaceuticals are not just for over-the-counter medication.

Most hospitals and physicians use generic drugs when medicating their patients. They also prescribe generic medication more often than brand-name drugs!

Generic drugs make up more than 80 percent of prescriptions filled in the U.S. When filling or refilling a prescription, ask your pharmacist if there is a generic equivalent available. It is surprising to see how much you can save!


Quick Prescription Identification Tips

Avoid confusion at home by labeling your generic prescriptions with its commonly recognized brand name.

When perusing your medicine cabinet in the midst of an allergy attack, you may not know off-hand that Fexofenadine is “Allegra,” or that Pseudoephedrine is “Sudafed.” Dust off the old label maker and identify your medication in a way that helps you identify it correctly when you need it! The scientific drug name may also confuse children, who may only identify medicine from the brand name’s TV commercials.

Do not confuse generic pharmaceuticals with counterfeit medicine. Counterfeit drugs are products presented in such a way as to look like a legitimate product, yet may contain the wrong dose of active ingredients, the wrong active ingredient in general or no active ingredient at all.

These medicines are illegal and may be harmful to your health. If you come across counterfeit medicine, contact the FDA right away.

Related Posts

How to Raise Financially Responsible Children: Tips to Cultivate Good Savings and Spending Habits

Instilling good savings and spending habits in our kids will enable them to navigate the complex world of money with confidence and security. In this blog, I will share practical tips which include creating a savings plan, importance of budgeting, investing and leading by example, which will help you to create a solid foundation for their children’s financial well-being.

Read More

How Counseling Helps You Thrive

Whether to find immediate relief or cultivate lasting change, counseling can be a transformative tool. Let’s unravel how counseling can catalyze positive change, demystify myths and misconceptions, and explore strategies to get the most out of counseling.

Read More

Leading with Mental Health in Mind

As a leader, you’ve most likely received training on the technicalities of your job. But this rarely includes guidance on one of your most critical roles: supporting the well-being of your team members. With the toll of sustained stress and uncertainty weighing on your team members, mental health is no longer a buzzword. It’s a foundational strategy for a productive, healthy, engaged workforce. Let’s explore the critical role of mental health in our professional lives and how leaders can step up to create space for their people to thrive.

Read More


Student Assistance Program (SAP) & Outpatient Counseling

Maddox*, an elementary-aged student, struggled with anger outbursts, physical aggression, and difficulties with problem-solving. After spending years off-and-on in therapy seeking treatment with various providers only to remark that “none seemed to want to listen,” Maddox’s parents sought SAP services through their district. 

Today, Maddox is completing his SAP sessions and moving towards outpatient counseling. He has reduced his anger outbursts and has learned skills to help him successfully navigate challenging days.

Skip to content