New Visitors Privacy Policy Sponsorship Contact Us Media
Baby Boomers Family Green Home and Auto In Critical Condition Just Starting Out Lifestyle Money
- advertisement -
Bankrate.com
News & Advice Compare Rates Calculators
Rate Alerts  |  Glossary  |  Help
Mortgage Home
Equity
Auto CDs &
Investments
Retirement Checking &
Savings
Credit
Cards
Debt
Management
College
Finance
Taxes Personal
Finance

Special report Over-the-counter savings

You can save big by buying off-brand and store-brand drugs.

Cut nonprescription drug costs

Buy drugs at discount prices
 

"The labels on all OTC drugs have a standard format, and it is fairly easy to tell if two drugs are the same," he says.

In 2002, the FDA introduced a standardized label, which you can find an example of on the FDA site. When you compare medications across brands, focus on the drug's active ingredients as well as the amount in each dosage unit, which will tell you if two medications are identical.

The labels on all OTC drugs have a standard format and it is fairly easy to tell if two drugs are the same.

For example, two medications that contain 500 milligrams of acetaminophen, a pain reliever, are identical and should produce the same result in terms of relieving pain.

If you're confused by the labels, bring your questions to the store pharmacist, who "will be happy to step out from behind the counter and show you which medicines are comparable and will be the most helpful given your needs," says Karbowicz.

Pharmacists can also help you pinpoint which medications will be the best for you given your particular symptoms, Jenkins says, and can also counsel you about potential interactions between your OTC and prescription drugs.

A drug's packaging doesn't make a difference in terms of its effectiveness, but is a matter of preference for the individual consumer, who may prefer gel-caps over tablets or redi-tabs over caplets.

"Gel-caps may be easier for you to swallow, but the form really doesn't make a difference in terms of how fast a pill will work or in terms of how it works," says Karbowicz.

Where to shop
Unlike prescription drugs, where online outlets have exerted downward pricing pressures on all retailers, shopping for OTC drugs is best done in person in a local pharmacy, grocery store or big-box store such as Wal-Mart, Kmart, Target or even a warehouse stores such as Costco or Sam's Club, says Findlay.

You can shop for OTC drugs online, but any cost savings are likely to be small even when buying off-brand medications, given the difficulty in comparing medications online and extra shipping costs.

For some products, there are several different off-brand versions, including a store version -- like Rite Aid or CVS brands -- and a more "generic" off-brand version, Findlay notes. The store brand may receive product placement next to the brand name, while the more obscure "generic" off-brand may be on a lower shelf.

-- Posted: Sept. 28, 2007
 
Page | 1 | 2 | 3 | 4 |

TABLE OF CONTENTS
 
 
 
 
Compare Rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 4.45%
48 month new car loan 3.77%
1 yr CD 0.89%
Rates may include points
- advertisement -
- advertisement -
- advertisement -

About Bankrate | Privacy Policy/Your California Privacy Rights | Online Media Kit | Partnerships | Investor Relations | Press Room | Contact Us | Sitemap
NYSE: RATE | RSS Feeds |

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2014 Bankrate, Inc., All Rights Reserved, Terms of Use.