We’ve reached the point in the year when, unless you qualify for a Special Enrollment Period, you cannot change your Medicare prescription drug plan.
With that said, sometimes you add prescriptions during the year, or you may find that your Part D plan doesn’t cover one of your current prescriptions. Here are four ways to keep more money in your pocket at the pharmacy.
Try a Similar Prescription
If your doctor prescribes a medication that your insurance is not covering, you can call your agent to see if there’s a similar drug covered by your Part D plan available for a lower copay. Every Medicare Part D plan is required to cover at least two drugs in every therapeutic class, so if your medication is not covered, you may find a similar prescription that your plan does cover.
Several companies advertise coupon and discount programs, but I’ve found that GoodRx consistently offers coupons at various pharmacies in the area that will help lower your prescription expenses. If you don’t have a Part D plan at all, I absolutely would try entering some of your medications into the GoodRx search to see if you can find a better price than what you’re paying. If you do have a drug plan, give it a shot anyway. You may find that the prices with a GoodRx coupon are lower than the copay you’d pay with your insurance. I mean, even Dr. Oz is a fan. If you don’t find what you’re looking for there, BlinkRx is another reputable site offering prescription coupons.
Switch to a Generic Alternative
Several new generic prescriptions are now available, and can dramatically lower your copays. If you’re currently taking a brand drug and are curious to know if a generic is available yet, call (509) 670-2566 and I’d be happy to look for you.
Apply for Extra Help
If you meet certain income requirements, you may qualify for Extra Help on your prescription coverage. For more information on income limits and where to apply, visit: https://www.medicare.gov/your-medicare-costs/help-paying-costs/save-on-drug-costs/save-on-drug-costs.html
If you’re curious to know if you qualify for a Special Enrollment Period, or if you’d like help finding out if there’s a way to pay less for one of your medications, call Jake (509) 670-2566 for no-cost help today!