Category: Prescription Costs
Simple steps to lower costs and save money
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What Medications Are Not Covered by Medicare Part D
A plan’s drug list or “formulary” is an important consideration when choosing your Part D coverage. The drug list changes each year depending on the rules and guidelines released by the Centers for Medicare & Medicaid Services (CMS) which prescription drug plans (Part D) and Medicare Advantage Plans must follow. These formulary guidelines state that plans must base their decisions on scientific evidence and well-established guidelines to cover today’s most widely used medications. This ensures that beneficiaries like you will be covered by the most commonly used and effective medications available to protect your health. (more…)
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Controlling expenses when you have a long-term illness
Retirees are living longer than ever, and the odds of being diagnosed with a chronic condition, such as hypertension or diabetes, increase with age. (more…)
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What you need to know before you retire
Congratulations, you’re about to turn 65 and become eligible for Medicare! Now what? (more…)
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Raise the odds of being in good physical and financial health later in life
In 2010, the stark reality of Americans’ widespread lack of retirement savings hit home with a dramatic survey. Its headline-grabbing finding: “Americans fear outliving their money more than they fear death.” Among people aged 44 to 49, more than three out of four feared running out of money more than dying; that figure rose to 82% if the respondents were married with children. (more…)
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Finding cost savings by choosing the right pharmacy
When you enroll in a Medicare Part D plan, the plan will offer a network of pharmacies where you can fill your prescriptions. Plans partner with many different types of pharmacies — independent community pharmacies, chain drug stores, grocery stores and major retailers — to offer enrollees choice and convenience when filling a prescription. (more…)
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The Affordable Care Act and Medicare Part D
Confused about how healthcare reform will impact your Medicare coverage? You’re not alone. According to our 2013 survey, many retirees have misconceptions about reform and Medicare. These misconceptions could lead to low Medicare enrollment and poor health decisions.
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Selecting the right Medicare Part D prescription drug plan (PDP) will save you money.
Selecting the right Medicare Part D prescription drug plan (PDP) will save you money. The choices you make once you’ve enrolled in a plan can also lower your costs. There are simple shortcuts you can take that will help you save on your pharmacy costs in retirement. (more…)
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