Prescription drug costs remain one of the biggest financial challenges for many retirees, even with Medicare coverage. While Medicare Part D helps pay for medications, deductibles, copays, and coinsurance can still add up quickly, especially if you take several prescriptions each month.
Many Medicare beneficiaries qualify for programs that can dramatically lower their out-of-pocket costs, yet thousands never apply simply because they don’t know these resources exist. From federal subsidies to manufacturer assistance and state-based programs, here’s a look at several different ways you can reduce your prescription costs and not go without important medications.
