This one trick can help retirees save big on prescription drug costs
by Kimberly Blanton
At Squared Away, a blog published by the Center for Retirement Research at Boston College, we asked Mohamed A. Jalloh in Napa, Calif., to guide consumers on how to reduce their costs. He is a pharmacist, assistant professor at the Touro University California College of Pharmacy, and a spokesman for the American Pharmacists Association.
Squared Away: How can retirees access their option to pay a cash price for a prescription if it is lower than their Part D or Medicare Advantage plan copayment?
Mohamed Jalloh: The big picture is that elderly patients should work with a pharmacist to see if they
can get a better deal. If you process a prescription through your insurance — whether
under an employer’s health insurance or Medicare drug coverage — the price may be
higher than paying straight cash for the medication. Anyone can do this. But I imagine
it helps seniors the most because they’re the ones taking the most medications.
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