5. Cut your pharmacy costs.

Most health plans have a three-tier co-payment system for prescription drugs. The lowest tier is the least expensive and includes generic drugs; the middle tier is made up of medications that your insurer considers "cost effective;" and the top tier features the most expensive brand name drugs. You can cut your costs by $10 to $40 per prescription by asking your doctor to prescribe you drugs that belong in the first two tiers.

If deemed medically appropriate by your doctor, you can split pills to save money. For example, if the medication you need comes in 50 mg and 100 mg tablets, and you need 50 mg per day, ask your doctor if he will prescribe you the 100 mg tablets and then you can split them.

Remember, pill splitting is not appropriate for all medications and may even be dangerous in situations where exact dosing is medically necessary. Consult your doctor.