Seniors on Medicare should be aware of ways to get help to lower their prescription drug costs. Experts who know how Medicare works know many beneficiaries are primarily concerned about paying for their medications. It turns out there are seven ways to get the most out of their coverage and lower their prescription costs.
- Pick the Right Medicare Advantage and Part D Plan
- Review Your Choices Annually and Change If Needed
- Opt for Generic Over Name Brand Drugs
- Look for Lower-Cost Pharmacies and Programs
- Find if Your State Offers Assistance
- Apply for Extra Help if You Qualify
- Always Do Your Research
You should understand that the annual enrollment period in the fall is your opportunity to find a better solution. So be ready to do your homework and take time to understand your options. Medicare has a web page identifying states that offer assistance to seniors. Those with limited income can apply to Extra Help, a joint Medicare and Social Security program, for cost savings.
Finally, keep up to date with any changes to Medicare in the past year.
Seniors Deserve Better from Social Security
Additional retirement income can make a difference for older Americans. Here at Council of Seniors, we’re convinced Congress must pass The SAVE Benefits Act. Because the annual Social Security cost- of-iving adjustment (COLA) has shortchanged seniors in recent years, this legislation is critical. If it passes, eligible seniors will recover the $581 missing from their benefits.
Signing our petition will give us the strength in numbers we need to motivate Congress to act, so please sign it today!
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