Methylprednisolone (Medrol) is an inexpensive drug used to treat inflammation of the skin, joints, lungs, and other organs. It is available in generic and brand versions. Generic methylprednisolone is covered by most Medicare and insurance plans, but some pharmacy coupons or cash prices may be lower. With the Patient Assistance Program from HealthWell Foundation, contact the program to see how they can financially help you out.