January can be a difficult month for seniors, especially when it comes to prescription costs. With the start of the new year, Medicare prescription deductibles reset, leaving many seniors with high bills for their necessary medications. This can be a significant financial burden, especially for those on a fixed income.
Kim Hegwood’s mother, like many others, has been facing this issue for the past two years since she retired. Her January prescription bill has been over $500 or more, which is an excessive amount for her income. But this year, Kim’s sister, Terry, decided to try a different approach.
Terry took her mom’s prescriptions and started calling all of the pharmacies in town to ask the price with Medicare, Single Care Rx Discount Card, and Good Rx. The savings she found were unbelievable. By shopping around, she was able to save hundreds of dollars per month on their mother’s prescriptions.
It was a time-consuming process, but it was absolutely worth it. Some of her prescriptions will be moving to a different pharmacy, and while she may have prescriptions in more than one pharmacy, the savings alone will make it worth it.
If you are facing high prescription costs, Kim Hegwood encourages you to do the same. You can go to Singlecare.com and Goodrx.com to look up prescription pricing. These websites make it easy to compare prices and find the best deals on your prescriptions.
Recently, Congress has allowed Medicare to negotiate drug prices. This is a big step in the right direction, and Kim hopes that they can beat the prices found on Single Care Rx and Good Rx. If they can, it will make a significant impact on the financial burden of seniors when it comes to prescription costs.
In conclusion, January can be a difficult month for seniors when it comes to prescription costs, as attorney Kim Hegwood has experienced with her retired mother. But by taking the time to shop around and compare prices, significant savings can be found. Additionally, with the recent change in legislation allowing Medicare to negotiate drug prices, there is hope that even more savings will become available in the future. So, do not hesitate to look into these options and potentially save money on your prescription costs.
Author Bio
Kim Hegwood
Managing Attorney
Kim Hegwood is the Founder and Managing Attorney of Your Legacy Legal Care®, a Houston-based estate planning and elder law firm she established in 1998. A graduate of South Texas College of Law, Kim was inspired to focus her practice on elder law and estate planning after watching her own grandparents struggle with the challenges of aging. With nearly 30 years of experience, she helps families with wills, trusts, powers of attorney, Medicaid planning, and asset protection.
Kim is a Certified Dementia Practitioner and a member of the National Academy of Elder Law Attorneys, and her firm has been named Best Trust & Estate Law Firm by the Houston Chronicle. A mother of three, she spends her free time with her children and grandchildren and volunteers with several local charities.
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