Real Money: Saving Big on Your Family's Prescription Drugs

ABC News' Real Money Team shows a family how to save more than $3,000 on prescription drugs and doctor fees.
2:32 | 05/27/14

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Transcript for Real Money: Saving Big on Your Family's Prescription Drugs
And next here tonight, our real money team back investigating how you save money on prescription drugs and doctor bills. The average American spends almost $900 a year on method alone. And some simple ways to save big. Reporter: Sandy Marion is about to be a first time mom andt,/xq1%mq9%9"u heart beat -- Like the best sound in the world. Reporter: Some bills have already been delivered. You have no idea how much this is going to cost? No not really. Reporter: We brought in consumer advocate to help sandy # through thousands of dollars in incoming charges. Tip number one, did you know different hospitals can charge different prices for the same procedure? We found a range of 6,000 to 25,000 to sandy to deliver in her area. Shop around. Every hospital should have something called the director of billing. Ask for them and they'll give you a price quote. Just because your hospital is covered under your plan does not mean every doctor in practice is. Can you please make sure the doctor puts anything in my chart anything approved of coverage. Reporter: Make sure a doctor under your plan sees you first. Make sure you're getting the best deal on your medicals. Sandy's doctor prescribed her prenatal vitamins for $104 a month under her plan. Michelle found a different brand that only costs $4 a month. You can't assume that your doctor know what is the coverage is. They don't know the coverage. Reporter: You need to get a formulary sheet from your insurer and ask your doctor if the meds on that sheet could work for you. The doctor is not guessing. They're not guessing and you're not stuck with $100 a month. Reporter: Tip number four, go through line by line, many claims get denied because of tiny errors like an old address. Insurance companies bounce out claims because things like this happened. Reporter:ht Michelle found a $1,200 charge that should have been covered. Sandy will safe nearly $3500 on her delivwdo and will get back to thinking of what's most important. ABC news, New Jersey.

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