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Walmartโ€™s Huge Prescription Discounts

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If you rely on prescription medications to stay healthy, Walmart is offering a new perk that could cut your costs.

Seniors can now take advantage of Walmartโ€™s huge prescription discounts by joining the new Walmart+ Rx for less program. Requiring a paid membership, Seniors can receive a selection of free medications, plus thousands of other prescription drugs at a discount of up to 85%.  Beck, Lenox & Stolzer Estate Planning and Elder Law, LLC, LLC, is happy to report that Missouri is one of the states with participating Walmarts.

Money Talk Newsโ€™ recent article entitled โ€œNew Walmart+ Perk Can Save You Up to 85% on Drugsโ€ explains that the prescription savings program โ€” Walmart+ Rx for less โ€” can save you money on โ€œthe most commonly prescribed medications across a variety of health needs, including heart health, mental health, antibiotics, allergies and diabetes management,โ€ Walmart says.

Walmart says that free and discounted prescriptions are available at over 4,000 participating Walmart pharmacies around the country. However, they caution that the program isnโ€™t insurance and isnโ€™t available in all states.

Walmart+ Rx for less canโ€™t be combined with insurance.

Seniors can sign up for a free trial. When it ends, as a Walmart+ member they can access their digital pharmacy savings card in their Walmart+ account on the Walmart website or app.

Next time a senior needs a prescription filled they can share the info on their digital pharmacy savings card with the pharmacist.

The new program is not the first time the nationโ€™s largest retailer has tried to cut prescription drug costs.

Since 2006, Walmart has offered a $4 generics program that charges $4 for a 30-day supply of many generic drugs, or $10 for a 90-day supply. That program is still available to all Walmart shoppers, even those who are not Walmart+ members.

Walmart+ Rx for less with Walmartโ€™s huge prescription discounts is the latest perk added to the Walmart+ program.

In December, the program rolled out free next-day and two-day shipping for members with no minimum purchase requirement, similar to Amazonโ€™s Prime membership.

In a press release, Janey Whiteside, executive vice president and chief customer officer for Walmart U.S., says the newest perks are part of an effort to make Walmart+ the โ€œultimate life hackโ€ for customers:

โ€œWe know we can use our size and scale to help simplify things for our customers in a way only we can.โ€

Walmart ranks fifth in the top U.S. pharmacies ranked by prescription drugs market share in 2020 at 4.7%. CVS is first at 24.8%, and Walgreens is second at 19.1%. Beck, Lenox & Stolzer believes that Walmartโ€™s huge prescription discounts will make a dent in their competitorsโ€™ market shares.

Reference: Money Talk News (June 14, 2021) โ€œNew Walmart+ Perk Can Save You Up to 85% on Drugsโ€

 

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