I read an article today about a survey that was done by KRC Research for Walgreens on prescription drug costs. In a nutshell, this survey, which included 37% of 31.5 million Medicare Part D beneficiaries, explains why it is so important to know what exactly your plan offers and how you can save on your prescription drugs.
The survey found that 1 in 5 beneficiaries have decided to delay filling their prescriptions and skip doses just so they can help control their medication costs. This type of potentially health harmful decision making can be minimized as long as you understand your plan. In my previous post I talked about prescription drug networks and how preferred pharmacies offer lower co-pays and out-of-pockets saving you potentially hundreds of dollars on your prescription drug costs. If you missed the last post, go to Prescription Drug Networks. However, this survey found only 50% of beneficiaries realize that co-pays for Part D prescriptions differ by pharmacy and whether it is preferred or non-preferred. In addition, thirty percent of people don’t know that they can change pharmacies at any point. Not only that but around a quarter of beneficiaries know that their Prescription Drug Plan offer a preferred pharmacly option.
This research study goes to show that there are ways to save money on your prescription drugs and that your costs don’t have to be as high as they are as long as you understand everything offered in your plan.
If you would like to read the full article on the research study go to Walgreens Prescription Drug Coverage Survey.
If you have questions choosing a Medicare plan that offers the coverage you need, contact us at MedicareSolutions at 1-800-328-7305 where a licensed sales agent will immediately assist you.