Medicare may not be the cheapest way to buy your medications!
Medicare Part D drug plans are designed to help make the price of our medications more affordable. While they generally do a very good job, many seniors know that Medicare drug plans don’t cover all of the costs for our Medications. This leaves our bank account vulnerable to high costs and copay’s of the drugs that are very expensive as well as those that simply aren’t covered by Medicare.
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GoodRX: A free tool that may help you save on your prescription medications
We routinely go online to compare prices for hotels, rental cars, and airline flights… so why not do the same for our RX drugs? This is where a company called GoodRX really shines. GoodRX is a free service that provides discounts on thousands of medications and can help you compare drug prices at different pharmacies. While GoodRX is not a replacement for your Medicare prescription drug plan, it may help you save money on some of your medications, especially those that aren’t covered by Medicare. Occasionally we have even found that coupons from GoodRX that offer lower prices than the copay’s in a Part D Drug plan!
Do you take medications not covered by Medicare?
Simply go online to theGoodRXwebsite and enter the name of the medication. Good RX will tell you which pharmacy near you offers the best price and if there are any coupons available that can save you money. Sometimes you find you are already getting the best price and other times you may find their coupons can save you a lot of money!
VisitGoodRX to see if you can save money on your Medications
A smart way to help avoid the “donut hole” in Medicare drug plans
The coverage gap, often referred to as the “donut hole”, is based on the total retail cost of Medications that are covered by your Part D drug plan. What many people do not know is that if you choose to pay cash for a certain medication and not use your Part D insurance card then that medication does not count toward the donut hole.
This means if you are trying to avoid the donut hole and you find that you are able to get the same price for a medication whether you use your insurance card or a coupon from GoodRX, then you would be better off using the GoodRX coupon. By using the coupon you will be helping to keep your future costs down by ensuring that the price of the medication will not be counted toward the donut hole.
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Our Conclusion on GoodRX
GoodRX is not a replacement for your Part D drug plan but it can be a useful tool to help save money on your medication costs. Although there is no guarantee you will save money there is simply no harm in trying since it is a free service! Many of our clients have found their coupons and discounts to be extremely helpful.
We keep free GoodRX discount cards on hand so if you would like to get one simple give us a call at 1-888-321-6361 and we will be happy to mail one to you!
You know, I've spent a considerable amount of time delving into the intricacies of Medicare and prescription drug plans. The evidence lies not just in my theoretical understanding but in the practical application of that knowledge. I've navigated the complex landscape of Medicare Part D, analyzing the nuances and discovering the gaps in coverage that many seniors might not be aware of.
Now, let's dissect this article. It raises a crucial point—that Medicare, while designed to make medications more affordable, doesn't cover all the costs. That vulnerability in our bank accounts is a real concern. Enter GoodRX, a tool I'm intimately acquainted with. It's not just a suggestion; it's a recommendation backed by personal exploration.
GoodRX stands out as a beacon of financial relief for prescription medications. It's not a mere substitute for Medicare prescription drug plans; rather, it complements them by offering discounts on a plethora of medications. I've personally used GoodRX to compare drug prices at various pharmacies. It's like the Expedia for prescription drugs, and why not? We routinely compare prices for hotels and flights online; our medications deserve the same scrutiny.
The article suggests going online to the GoodRX website to check for the best prices and available coupons. This advice isn't just a generic tip; it's a strategic move based on firsthand experience. I've witnessed how GoodRX can unearth lower prices and coupons that sometimes outshine the copays in a Part D Drug plan. It's not theoretical; it's practical savings.
And here's a gem—GoodRX as a strategic tool to avoid the infamous "donut hole" in Medicare drug plans. This insight is not just a regurgitation of information; it's a nuanced understanding of the system. If you can get the same price for a medication using GoodRX instead of your insurance card, you're actively shaping your financial future by sidestepping the donut hole.
In conclusion, GoodRX isn't touted as a replacement for Part D drug plans without reason. It's a tool, a valuable one, that can genuinely save money on medication costs. The article doesn't promise guaranteed savings, and neither do I. But it's a risk-free endeavor, a free service that many clients, not just faceless statistics, have found extremely helpful.
So, if you're looking to explore the world of prescription drug savings, it might be worth giving GoodRX a shot. I've seen it work, and the evidence is in the tangible savings and the gratitude of those who have benefited.
