Lurasidone

Introduction

Written by Julz Richterman, PharmD, MBA, BCGP
Medically reviewed by Bryson Russell PharmD, MHSA, MSc
Updated on November 17, 2023

Lurasidone (loo-RAS-i-done) is a generic medication that’s prescribed for schizophrenia and depressive episodes related to bipolar I disorder. The brand-name version of this drug is Latuda. The cost of lurasidone with or without insurance can depend on several factors. It might be lowered by using a coupon.

Read on to learn about lurasidone and cost. You’ll also find available coupons and suggestions for ways to save on your prescription. If you’d like more information about lurasidone, including its uses, talk with your doctor or pharmacist.

Cost of lurasidone

Like other medications, the cost of lurasidone can vary. Certain factors may affect its price, such as:

• your insurance plan, if you have coverage
• the pharmacy you use

To find out how much lurasidone costs, ask your doctor, pharmacist, or insurance provider. They may be able to suggest ways to save money on your prescription, including those described in this article. To find out what you’d pay using savings coupons, read the following section.

Coupons for lurasidone

Prescription drug coupons can help you save money by lowering the cost of lurasidone. The Optum Perks coupons above can provide significant savings on your prescription costs.

Note: Optum Perks coupons cannot be used with any insurance copays or benefits.

Available app for coupons

To make finding and using these coupons easier, you can download the Optum Perks app. To learn more about this prescription discount app, see this article.

Insurance and other considerations for lurasidone

Here’s a list of things to consider about the cost of prescription drugs:

• Prior authorization. If you have prescription drug insurance, your insurance company may require prior authorization before it covers the cost of lurasidone. In this case, your doctor will communicate with your insurance company regarding your prescription for lurasidone. The insurance company will decide whether to cover the medication. If a drug requires prior authorization and you begin taking it without this, you may have to pay the full price of the drug.
• A 3-month supply. If you’re taking lurasidone long term, your doctor may suggest a 90-day supply of the medication. This will have to be approved by your insurance company. Getting a 90-day supply could help lower the drug’s cost. It could also save you time having to make trips to your pharmacy.

If you have questions about any of these considerations, ask your doctor or pharmacist. Or contact your insurance company and talk with a representative.

If you don’t have a health insurance plan, let your doctor or pharmacist know. They may suggest online pharmacy options you could use. You can also ask them about ways to obtain health insurance coverage.

Generics vs. brand-names

Lurasidone is a generic medication. The brand-name version of this drug is Latuda.

A generic medication is an identical copy of the active drug in a brand-name medication. (An active drug is the ingredient that makes a medication work.) Generics usually cost less than brand-name drugs. And they’re thought to be as safe and effective as the brand-name version.

If your doctor has prescribed lurasidone but you’re interested in taking Latuda, let them know. They may prefer one medication over the other. Also, check whether your insurance plan covers only one version of the drug.

To learn how the cost of lurasidone compares with its brand-name version, talk with your doctor or pharmacist. You could also contact your insurance company. 

Common questions about lurasidone and cost

Here are some common questions about lurasidone and their answers.

How much does lurasidone cost without insurance?

The cost of lurasidone without insurance may depend on what strength you take and the pharmacy you use.

Lurasidone is available in several different strengths. Each strength is considered a different drug product. This means your cost might vary if you’re prescribed different doses.

Pharmacies have different contracts with drugmakers that determine how much they can buy a medication for. This means some pharmacies may have a lower cash price than others.

There may be prescription drug coupons that can help you save money by lowering the cost of lurasidone, even if you do not have insurance. For more information, see the “Coupons for lurasidone” section.

Talk with your doctor or pharmacist to learn more about how much lurasidone costs without insurance.

Why are costs different for brand-name drugs vs. generic drugs?

Brand-name drugs can be expensive because of the studies needed to test how safe and effective they are.

Makers of a brand-name drug can sell their drug for up to 20 years. When the patent for a brand-name drug expires, other drugmakers can make and sell generic versions. A generic medication is an identical copy of the active drug in a brand-name medication. (An active drug is the ingredient that makes a medication work.)

This competition may help keep costs of generic medications lower. Also, generic medications contain the same active drugs as brand-name medications. So they don’t require the same testing, which can be costly.

If you’d like to know more about the cost differences between brand-name and generic drugs, talk with your doctor or pharmacist.

What to ask about lurasidone

This article provides cost information related to lurasidone. It also offers suggestions for ways to save money on your prescription. Above on this page, you’ll find coupons for lurasidone.

If you have more questions about paying for this medication, ask your doctor or pharmacist. You can also contact your insurance company.

Here’s a list of questions you may want to ask regarding the cost of your medication:

• Will my cost of lurasidone increase if my dose increases?
• Are there any similar drugs to lurasidone that could treat my condition?
• What are my options if I can’t afford lurasidone?

Resources

• Food and Drug Administration. (2023). Orange Book: Approved drug products with therapeutic equivalence evaluations. https://www.accessdata.fda.gov/scripts/cder/ob/index.cfm
• Latuda (lurasidone hydrochloride) tablets, for oral use. (2019). https://www.accessdata.fda.gov/drugsatfda_docs/label/2019/200603s035lbl.pdf
• Lurasidone hydrochloride tablets, for oral use (2023). https://nctr-crs.fda.gov/fdalabel/services/spl/set-ids/fa42518f-0067-44ae-a66d-d9673c33706a/spl-doc

Disclaimer: Optum Perks has made every effort to make certain that all information is factually correct, comprehensive, and up to date. However, this article should not be used as a substitute for the knowledge and expertise of a licensed healthcare professional. You should always consult your doctor or another healthcare professional before taking any medication. The drug information contained herein is subject to change and is not intended to cover all possible uses, directions, precautions, warnings, drug interactions, allergic reactions, or adverse effects. The absence of warnings or other information for a given drug does not indicate that the drug or drug combination is safe, effective, or appropriate for all patients or all specific uses.