How Much is Latuda Without Insurance?

Latuda is the brand-name medication for lurasidone. It is an atypical antipsychotic prescription medication that is used to treat mental health conditions such as bipolar disorder and schizophrenia in adults. It is also FDA-approved to treat schizophrenia in adolescents ages 13 and older and bipolar depression in those ages 10 and older.

The price of Latuda can vary depending on your daily dosage, pharmacy of choice, and other factors. You can save money on Latuda by using a GoodRx coupon and comparing prices among pharmacies in your area. 

How much does Latuda cost?

Without insurance, a month’s supply of Latuda 40 mg tablets costs around $1681.18. But the price may vary, depending on the following factors: 

• Location: Medication prices can fluctuate based on where you live. For instance, people in Houston might pay less for their prescription medications than those in Little Rock, Arkansas. 

• Pharmacy: Different pharmacies, even those in the same area, may charge different prices for Latuda. 

• Dosage: Higher daily doses of Latuda may cost more than lower doses. You may typically start off by taking 20 mg to 40 mg once daily, depending on the reason you are taking it. Your prescriber may increase your dose based on how your body responds. Latuda comes in the following doses: 20 mg, 40 mg, 60 mg, 80 mg, and 120 mg. 

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Latuda (Lurasidone)

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$1238.99(Save 98.77%)

GoodRx discount

$15.21

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Is there a generic version of Latuda?

Yes. Lurasidone is the generic version of Latuda. In early 2019, the FDA approved generic Latuda in the U.S. However, it didn’t become available until 2023.

The generic version of Latuda can cost around $1034.57 at some pharmacies. In most cases, brand-name medications tend to cost more because manufacturers must conduct clinical trials to prove they are safe and effective. This leads to higher research and marketing costs. 

Does insurance cover Latuda?

Some health insurance plans may cover brand-name Latuda, while others might only cover the generic version. If you have a commercial insurance plan, review your documents or reach out to your provider to determine if its formulary — the list of medications it covers — includes the brand-name, generic or both versions.  

Medicaid plans may cover Latuda or the generic version of the medication, depending on your state. For example, Latuda is listed as nonpreferred in the Arizona and North Carolina state Medicaid preferred drug lists, while generic Latuda is listed as a preferred medication. 

If you have Medicare Part D, your plan may require step therapy — trying other, usually cheaper, medication options first. This means you might need to try a lower-cost antipsychotic medication first. Some health plans may also require you to obtain prior authorization before covering the cost of Latuda. 

If you find that your medication is not covered by your insurance, try these steps:

• Ask your healthcare professional about alternative medications that may be covered. 

• Discuss the possibility of getting a formulary exception.

• Consider filing an appeal.  

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• What are the differences between Latuda and Vraylar? These differences can help you and your healthcare professional decide which medication is best for treating your bipolar depression and schizophrenia.  

• Use your health savings account (HSA) to pay for Latuda. You can use your HSA funds to pay for prescription medications such as Latuda and other qualified medical expenses. 

• Take advantage of your flexible spending account before your funds expire. If you have money remaining in your FSA, you can use it to pay for Latuda.

Ways to save on Latuda

Prior to August 2024, Latuda’s manufacturer, Sumitomo Pharma, offered a savings coupon. It allowed eligible individuals with commercial insurance to pay as little as $0 for their first prescription and $10 per 30-day refill. However, this savings coupon has been discontinued. Fortunately, there are still other ways to save on your prescription, including these four tips: 

1. Use a GoodRx coupon for generic Latuda

Although Latuda is available as a brand-name medication, you can also find it as a lower-cost generic. The table below shows the price you may pay at certain pharmacies using a GoodRx coupon. You can also visit GoodRx to compare prices to make sure you are getting the best deal in your area.

Here’s how to get a coupon:

• Visit www.goodrx.com, or install the GoodRx app on your mobile device.

• Type "Latuda" in the search field. Choose the generic or brand-name version. 

• Press return on your keyboard, or click on "Find the lowest prices."

• Receive your coupon via text or email, or print it out.

• Show the coupon at the pharmacy when you pick up your Latuda prescription.

2. Request a 90-day supply

If you ask your healthcare professional to prescribe a 90-day supply of Latuda instead of the usual 30-day supply, you may save money. Pharmacies typically offer a discount when you purchase a larger supply of medication at once. Also, getting a prescription for a 90-day supply will reduce your trips to the pharmacy and save you time. 

Some insurance plans offer lower copays for a 90-day supply than a 30-day supply. 

3. Make the most of your FSA dollars  

If your employer offers a flexible spending account (FSAs) and you’ve contributed money to it, you want to use the funds in your account before they expire. With an FSA, you can have your employer set aside pretax dollars from your paycheck to pay for qualified medical expenses, such as prescription medications. Before purchasing your prescription, you can reach out to your FSA provider to ensure that Latuda is eligible for reimbursement. 

4. Use the money in your HSA

If you currently have or have ever had a high-deductible health plan, you might have access to a health savings account (HSA). You can contribute money to this account every year that you qualify and use the funds to pay for qualified medical expenses, such as Latuda. Since your HSA funds roll over every year, you can use the money remaining in your account to pay for eligible expenses in the future, even if you switch health plans. 

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Written by:

Charlene Rhinehart, CPA

Charlene Rhinehart, CPA, is a personal finance editor at GoodRx. She has been a certified public accountant for over a decade.

Reviewed by:

Amy B. Gragnolati, PharmD, BCPS

Amy Gragnolati, PharmD, BCPS, is a pharmacy editor for GoodRx. Amy currently holds her pharmacist license in Georgia and California.

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