Ways to Save Money on Your Prescription Drugs While on Medicare
Updated: Oct 13, 2022
Despite being on a good insurance plan that we like, and the best efforts of our doctors and pharmacists, we often find that our prescription drug bills continue to rise.
Use this checklist to find ways to save money on your drug costs: Enroll on time. Delays in enrolling in Medicare Part D plans after you are eligible can incur costly penalties.
Ask your doctor or healthcare provider about generic drug options —your doctor can tell you if you can take a generic drug instead of a brand-name drug or a cheaper brand-name drug.
Consider using mail-order pharmacies to fill your prescriptions. Contact your drug insurance or Part D carrier to understand the program.
Compare Medicare drug plans to find a plan with lower drug costs.
Apply for Extra Help – which is a special program to help people with limited income and resources pay for their prescription drugs. Learn more here.
Many states offer programs to help their residents pay for drug costs. See if you qualify and learn more about your State’s programs here.
Most Pharmaceutical manufacturers and drug companies offer programs and payment assistance for certain drugs. See if you qualify here.
Private and Non-Profit Resources - There are several local, community, or non-profit resources and programs designed to help seniors afford their prescription drugs. More information is available here.