Paying Too Much for Prescription Drugs
By the time you’re receiving Social Security benefits, medical expenses are virtually a given. In fact, seniors ages 65 to 79 average more than 27 prescriptions for new drugs annually, according to an IMS Institute for Healthcare Informatics study.
Fortunately, every Medicare plan with prescription drug coverage must offer at least two drugs in each category and class. So, if you have Medicare, you should be able to avoid paying high out-of-pocket costs for your prescriptions. If you currently take drugs that aren’t covered by insurance, talk to your doctor about finding alternatives that treat the same conditions and are covered under your plan.
2 thoughts on “8 Ways People Waste Their Social Security Check”
james Honnold died 07-10-2019
I think you made all good points on this article. I still work and i got my social security at full retirement age. I use it to pay my rent. Is this a good idea.
Thanks