Every year, thousands of Medicare beneficiaries pay more for prescriptions than necessary simply because they don’t realize they qualify for Medicare’s Extra Help program. Others assume they earn too much or own too many assets to qualify without ever checking the current limits. Because income and resource thresholds are updated periodically, someone who didn’t qualify a few years ago may qualify today.
If you’re paying more than expected at the pharmacy, Extra Help may save you hundreds or even thousands of dollars each year. Before assuming high prescription bills are unavoidable, here are six prescription costs seniors can lower now.