Generally, generic levothyroxine (the active ingredient in Synthroid) costs significantly less than brand-name Synthroid. You can expect to pay anywhere from 4 to 10 times more for Synthroid than for a generic equivalent. This price difference varies depending on your pharmacy and location, but the savings with generics are consistently substantial.
Factors Influencing Price
Several factors impact the final cost. Your pharmacy’s pricing structure plays a large role. Additionally, your insurance coverage (if you have it) significantly affects the out-of-pocket expense. Even with insurance, a generic alternative will often result in lower co-pays.
Recommendations
To minimize your costs, consider using a generic version of levothyroxine. Many studies show generic levothyroxine is just as effective as brand-name Synthroid. Before switching medications, consult your doctor to ensure a smooth transition. Compare prices at different pharmacies – both online and local – to find the best deal on your prescription.
