The Pharmaceutical Benefits Scheme, or PBS, gives Australian residents who hold a Medicare card access to a wide range of lower priced medicines.
From the 1st of January 2023, the maximum amount you pay for most PBS medicines was reduced from $42.50 to $30.
This means the most you’ll pay for a PBS prescription is $30, plus any applicable premiums.
So if you take one PBS medication a month, you could save as much as $150 a year.
If you're taking two or three medications a month, you could save between $300 and $450 a year.
If you have a concession card, you’ll pay $7.30 for a PBS prescription, plus any applicable premiums.
Talk to your pharmacist about how to save on your PBS medicines or visit health.gov.au/PBS