What’s the Difference Between Generic and Brand-Name Drugs?

Generic drugs contain the same active ingredients as their brand-name counterparts and are designed to work in the same way, but they are typically much more affordable. The main differences lie in their pricing, appearance, and inactive ingredients, but they must meet the same FDA safety and effectiveness standards.

Are generic drugs as effective as brand-name drugs?

• Same active ingredients: Generics must have the same dosage, strength, safety, and effectiveness as the brand-name version.
• Different inactive ingredients: While the active component is the same, fillers, coloring, and preservatives may differ.
• Significantly lower cost: Generics cost 80-85% less on average because they don’t require expensive development and marketing.

Why choose generic over brand-name?

• Cost savings: Most insurance plans, including Medicare Part D, cover generics at a lower copay than brand-name drugs.
• Widely available: The FDA ensures that generics are just as safe and effective as brand-name medications.
• Some exceptions: A small number of medications, such as certain extended-release drugs, may work differently due to formulation differences.

How Solace can help

A Solace advocate can help you compare medication options, work with your doctor to find cost-saving alternatives, and ensure your prescriptions are covered by insurance. If a brand-name drug is necessary but not covered, an advocate can also assist with prior authorizations or appeals.

What to do next

Need help navigating prescription costs or insurance coverage? Find a Solace advocate today.