Did you know that out-of-pocket prescription costs increased more than 40 percent from 2009 to 2019 for Medicare-covered seniors with chronic conditions?1 Talk about a dent in your wallet. Luckily, prescription discount cards, like GoodRx, are becoming more popular and widely available to help seniors save on those hefty costs.
GoodRx is one of our top picks for seniors looking to save money on their prescription medications. They offer a free discount savings card and a monthly subscription that’s valid at more than 70,000 pharmacies nationwide. Plus, pharmacies keep your GoodRx card on file, so you can access savings instantly on every trip. While GoodRx requires a monthly paid subscription to access the best savings, their free discount card can still help you save up to 80 percent on your prescriptions. In this review, we’ll cover everything you need to know about GoodRx to save on your prescriptions.
Is a GoodRx Discount Card Worth It?
Given the steep costs of seniors’ medications, prescription savings cards have become increasingly popular. With so many options out there, it’s hard to know which cards are actually worthwhile. GoodRx is one of the most widely used and available prescription savings cards. The company is likely partnered with pharmacies near you, making it an excellent choice for seniors across the country.
GoodRx offers two products: a free discount savings card and a monthly subscription called GoodRx Gold, which increases your savings. Their free discount card can save seniors up to 80 percent on their prescriptions. Savings like that really add up, considering the average senior-aged 65 to 79 fills 20 prescriptions each year.1
Pros About GoodRx
Save up to 80 percent on many prescriptions
Easy-to-use mobile app
Hundreds of generics available for as little as $4 (or even free with GoodRx Gold)
Accepted at more than 70,000 pharmacies
Easily view mail order pricing
Paid and free GoodRx services available
Cons About GoodRx
Savings vary significantly between pharmacies
Not a replacement for insurance
Not available overseas
Best deals are only available with GoodRx Gold, a paid monthly subscription
How GoodRx Works
Think of GoodRx as a coupon for your pharmacy. It’s free and accepted at more than 70,000 pharmacies across the United States, including CVS and Costco. When you go to pay for your medication, simply hand the pharmacist your GoodRx card or show them the card on your phone, and they’ll apply the discount. Yes, it’s really that simple!
GoodRx’s widespread availability is one of our favorite things about the company. Other prescription discount cards like SingleCare are only available at 35,000 pharmacies nationwide, making GoodRx one of the most widely available options on the market.
Pro Tip: If you have insurance, you might still be able to save with a GoodRx card. Bring your insurance and GoodRx card along to the pharmacy. Each time you pick up a prescription, ask the pharmacist which one will get you the lowest out-of-pocket price.
If you’re wondering how GoodRx makes money, you aren’t alone. Here’s how it works:
GoodRx partners with pharmacy benefits managers (PBMs) who negotiate discounted prescription prices directly with pharmacies.
You use your GoodRx discount card when purchasing a prescription.
The pharmacy stores the card in your account so that you can keep using GoodRx to save money at that pharmacy.
GoodRx earns a percentage of the purchase price or a fixed fee each time you use your card.
GoodRx also has a paid monthly subscription called GoodRx Gold. GoodRx Gold costs $9.99 per month for individuals and $19.99 per month for families. With this subscription, you gain access to better savings of up to 90 percent.
Whether you go with the free GoodRx card or a paid plan, GoodRx can help you save hundreds of dollars per year on your out-of-pocket prescription costs. Best of all, this company makes using the card very easy.
Enjoy discounts at over 70,000 pharmacies with GoodRx
You can save up to 90 percent off regular pharmacy prices with GoodRx Gold, making it one of our favorite prescription discount cards.
With the free GoodRx program, there’s no sign up required. We searched for medications on the app and website without giving out any of our personal information. That’s a big win if you’re concerned about privacy. Other companies, like America’s Pharmacy, require an email address to sign up or account login for the phone app.
Once you find the discount you’re looking for, GoodRx gives you a few ways to get the card: text, email, or print. And, if you use the GoodRx mobile app (which we’ll cover more below), you can just look up prescriptions on your phone and show the pharmacist the card on the app.
Seniors can also request a GoodRx card in the mail. You’ll have to give your full address and an email address to request the card, but it’s great for seniors who don’t use smartphones or just want a physical card in their wallet.
Signing Up for GoodRx Gold
You can sign up for GoodRx Gold on the GoodRx Gold website2 or in the GoodRx mobile app. When you sign up, you get a free 30-day trial. After that, the service costs $9.99 per month for individuals and $19.99 per month for families.
To sign up, you need to create a username and password and provide your full legal name, mailing address, and birthdate. Then, you’ll input your credit card or debit card details. After the trial ends, you’ll be automatically charged unless you cancel. This may be a red flag for users, as some companies make it hard to cancel service after a free trial. Fortunately, from what we found online, canceling a GoodRx Gold account is easy.
Searching For & Purchasing Medications with GoodRx
Finding medications and savings on GoodRx couldn’t be easier. For this part of our review, we used the GoodRx website. We were impressed with the amount of information GoodRx provides, including side effects, drug info, drug images, and more. Plus, we couldn’t believe how many discounted options were available.
Pro Tip: The pharmacy you usually go to may not always be the cheapest. Be sure to shop around using the GoodRx website or app to find the pharmacy in your area that offers the best deal on your medications.
For our test, we looked up Simvastatin, a popular cholesterol medication commonly prescribed to seniors. The average retail price is $24.68, but that depends entirely on the pharmacy. The search showed us seven nearby participating pharmacies. Our lowest price for this medication using the GoodRx free savings card was just $5.16 from AHF Pharmacy. With the GoodRx Gold plan, the price dropped to $2.50. Below is a look at the pricing for Simvastatin at our local pharmacies.
Estimated retail price
GoodRx Savings Card
To redeem this discount using our free GoodRx card, we clicked on the “Get free coupon” button next to AHF Pharmacy's $5.16 deal. The coupon loaded on a new tab and looked like this:
Using the coupon is simple. Just show it to the pharmacist on your phone or hand over the printed coupon when you pick up the prescription. The pharmacist will enter the information listed on the card and give you the discounted price. Sometimes with GoodRx, you may want to visit a pharmacy that you don’t usually use because they offer a better discount than your normal pharmacy. In that case, make sure you have your doctor send the prescription to the right pharmacy.
FYI: When you first use your GoodRx card, the pharmacy saves the card to your account. Next time you go in to buy a prescription, the pharmacist can pull up your savings card. No need to present it! If you end up switching pharmacies, you’ll need to bring the card along.
If you own a smartphone, you’ll want to check out the GoodRx mobile app. You don’t have to use the app to get a discount, but it’s easy to navigate, so we recommend giving it a go. It’s available for Apple and Android devices. For our review, we used the Android version from the Google Play store.
When we first downloaded the app, we were asked to sign up with our mobile phone number or email address. It also gave us the option to “skip for now,” which is what we did. We really liked that we didn’t have to sign up or give away our contact info. Signing up does have some perks, though; it gives you full access to all of the app’s features, like price tracking.
Our Favorite GoodRx App Features
Search for Medications
Finding prescriptions on the app is very straightforward. Just type in the name of the drug you’re looking for. We looked up a common blood pressure medication called nadolol. It gave us nine nearby options to choose from with savings up to 84 percent off the retail price.
Searching for medications on the GoodRx app
Switch between map and list view to see exactly where each pharmacy is located. On our Android device, we could click on the pharmacy and get directions via Google Maps. This is an excellent feature for seniors who use their smartphones for navigation.
You can easily set refill reminders within the GoodRx app. When you request a savings card, the app automatically logs the prescription you searched for and sets up a refill reminder. You can edit the reminder and choose how often it repeats. If you have a hard time remembering when to take your medications, this feature is a total lifesaver.
The GoodRx Refill Reminder is one of our favorite app features
We’ve all found an unidentified loose pill on the floor or in our purse at some point. Playing the guessing game and trying to figure out which medication it is can be frustrating and even risky. The GoodRx app has a pill identifier feature to make sure you can tell your pills apart. Just input details about the pill’s shape, color, and imprint to find out what it is. You’ll never have to worry about taking the wrong medication or double dosing again!
Did You Know:
Did You Know: GoodRx also compares prescription prices for your pets. Use the GoodRx website to find the cheapest place to purchase pet medications for your furry friends.
Final Thoughts on GoodRx
During our hands-on experience with GoodRx, we found that the prescription discount card is about as easy to use as it gets. It’s a great choice for seniors without insurance or for those with high out-of-pocket expenses on their medications. We do wish GoodRx was partnered with more big-name pharmacies, like Walgreens and Walmart. Still, with availability at 70,000 pharmacies across the country and discounts up to 90 percent (with GoodRx Gold), it’s worth considering before your next refill. Learn more about GoodRx and our other favorite prescription savings card by visiting our best prescription discount cards page
Yes, people with or without any type of health insurance can use GoodRx. If you have insurance, you just need to inform the pharmacist that you want to use GoodRx instead of your insurance when you pay for your medicine.
GoodRx works at participating pharmacies for the prescriptions listed on its website. However, a pharmacist reserves the right not to accept a GoodRx discount card if you purchase a controlled substance. If that happens, you can try to use the GoodRx discount card at another participating pharmacy.
GoodRx Gold is the premium monthly membership program offered by GoodRx. It costs $9.99 for individuals and gives you access to even greater prescription discounts. GoodRx Gold is accepted at CVS and other local pharmacy chains, but it is not accepted at Walgreen, Walmart, Sam’s Club, and Publix.
As Editor-in-Chief of the personal finance site MoneyTips.com, Jeff produced hundreds of articles on the subject of retirement, including preventing identity theft, minimizing taxes, investing successfully, preparing for retirement medical costs, protecting your credit score, and making your money last… Learn More About Jeff Hoyt