Check your provincial health insurance plan for drug coverage details. Each province and territory has its own formulary–a list of drugs covered, and the coverage varies widely.
Provincial Formularies and Coverage
Most provinces cover essential medications for residents, but coverage extends differently depending on the drug and your specific condition. Some provinces offer broader coverage than others, including drugs not on their formulary through special authorization processes. You might need a physician’s prescription or a prior authorization from your insurer before the province covers a drug.
Private Insurance Plans and Drug Costs
Many Canadians supplement their provincial coverage with private drug insurance plans through their employers or purchased independently. These plans often cover medications not included in provincial formularies or help reduce out-of-pocket costs. Compare plans carefully, considering the deductible, co-pay amounts, and which drugs are included in their coverage before selecting a plan.
Generic vs. Brand-Name Drugs
Generic drugs, chemically equivalent to brand-name medications, often cost significantly less. Using generics when available can save you considerable money. Always consult your doctor or pharmacist about appropriate medication substitutions.
Finding Affordable Medications
Explore options like patient assistance programs offered by some drug manufacturers. These programs may provide financial assistance to individuals who can’t afford their medication. Also, consider using online pharmacies for potential cost savings, but ensure they are licensed and reputable in Canada before making a purchase.
