Buying bigger pills and cutting them in half with a pill splitter can save hundreds or thousands of dollars per year, even for those taking only one prescription!

More and more doctors are counseling patients to use a pill splitter.

Using a pill splitter is a simple way to save money on drugs, but few consumers are aware that it's an option.  Often drugs cost about the same per pill, regardless of the dosage. Patients who buy a larger pill that contains twice the dose they need, can cut it in half with a pill splitter and save as much as 50 percent.

The trademarked drug Zocor costs about $3.94 a pill, whether the dose is for 20 milligrams or 40 milligrams. A person who needs a 20-milligram daily dose can use a pill splitter to cut a 40-milligram pill in half, dropping the cost to just $1.97, saving more than $700 annually.

A 75-milligram daily dose of the trademarked drug Zoloft would pay $6.66 to take three 25-milligram pills. But by using a pill splitter to cut a combination of 100-milligram and 50-milligram pills to achieve a 75-milligram dose lowers the cost to just $2.53, a savings of 62 percent, or more than $1,500 annually. Given that many older patients have several prescriptions, the annual savings from using a pill splitter can add up to thousands of dollars.

In the United States, about $800 million worth of the trademarked drug Viagra was sold last year. If everybody used a pill splitter, that would save $400 million. 

A typical 50-milligram dose of the trademarked drug Viagra costs $8.20, the same as a 100-milligram pill. Using a pill splitter to cut the larger pill in half lowers the price to just $4.10 a dose.

Some pills, such as capsules or extended-release tablets, can't be cut with a pill splitter. Always consult a doctor or pharmacist before using a pill splitter. Only a doctor can prescribe a larger-dose pill, so patients must discuss using a pill splitter with a physician. To split pills evenly and safely, a person should use a pill splitter, rather than a knife.

Many drugs are flat priced, meaning they cost the same whether the dose is 50 milligrams or 100 milligrams. The result is a pricing loophole that gives patients a chance to dramatically cut their drug costs by using a pill splitter.

Not every drug is flat-priced; some drugs do cost more in a larger dose. But even then, patients usually can save money by using a pill splitter. For example, the trademarked drug Vioxx costs $2.38 for a 25-milligram dose and $3.44 for a 50-milligram dose. Using a pill splitter to split the larger pill saves 28 percent, or about $240 a year.