By Elliot Raphaelson
From Tribune Content Agency
If you use Part D of Medicare to help cover your prescription costs, Medicare has recommended five ways to lower your costs. I’ll summarize them below and add a further recommendation.
Consider Switching to a Generic Prescription
If you are using a name-brand prescription that is expensive—the costs of many have increased recently—ask your doctor if there is a generic alternative that will meet your needs. You can also determine whether using a mail-order pharmacy will reduce your costs.
Find a Drug Plan That Offers Additional Coverage in the Medicare Drug Coverage Gap
When you enter the drug coverage gap, the cost of your medications increase. There may be a plan that reduces your costs in the gap. However, you have to determine if it carries a higher premium that outweighs the benefits. Medicare.gov, a website operated by the Centers for Medicare & Medicaid Services, has a page that allows you to explore plan options and determine if there is a one that will reduce your costs….