Metformin is the go‑to medicine for type 2 diabetes. In Australia it’s listed on the Pharmaceutical Benefits Scheme (PBS), which means the government helps cover most of the cost. Most people see a price of around $5 to $6 for a standard 500 mg pack of 30 tablets when they pick it up at a pharmacy. That price can change a bit, so it’s good to know how the PBS works and what you can do to keep the cost low.
When a drug is on the PBS, the government sets a maximum price that pharmacies can charge. You only pay the patient co‑payment, which is the amount listed on the PBS schedule – currently $5.30 for most metformin packs. If you have a concession card, the co‑payment drops to $1.60. To get the PBS price you need a valid prescription from a doctor who writes it as a PBS item, and the pharmacy must be able to see the PBS code on the script.
The PBS also limits how many packs you can get in a month. Usually it’s one standard pack per 30 days, but doctors can write a larger quantity if they have a special authority from the Health Department. If you go over the limit, you’ll pay the full private price, which can be much higher.
First, always ask the pharmacist to check the PBS co‑payment before you pay. Sometimes the pharmacy will charge a private price by mistake. Second, keep an eye on your concession status – if you qualify, update your card so you always get the $1.60 price.
Third, consider buying a larger pack if your doctor has the authority to prescribe it. A 60‑tablet pack might still be $5.30, which saves you a trip to the pharmacy. Fourth, use the online PBS price checker on the Department of Health website. It lets you see the exact price for any PBS‑listed medicine, so you know what to expect.
Finally, if you travel or move to another state, bring a copy of your prescription and concession card. Pharmacies across Australia honor the PBS, so you won’t lose the low price just because you’re away from home.
Keeping track of the PBS price for metformin is simple once you know where to look. Check the co‑payment each time you pick up a script, stay on top of your concession eligibility, and use the online price tools. With those steps you’ll pay the smallest amount possible for a medication that helps control your blood sugar and keeps you feeling good.
