Saving money is always helpful, especially when it comes to senior health care. HealthMarkets shares information about 4 types of Medicare Savings Programs and how to qualify. Like health needs, insurance plans change frequently. And just like an annual doctor’s check-up evaluates overall health, a regular check-in with your older adult’s health insurance plans could save them money. With Medicare program…
Seniors and caregivers are in the habit of using insurance benefits to pay for prescription medication. But sometimes, the cash price could actually be cheaper. FamilyWize explains how new laws will allow pharmacists to share the best price option and how asking a few simple questions saves seniors money on prescriptions. Did you know that seniors could save money by paying…
Seniors covered by Medicare have been hit hard by sharply rising prescription drug costs. HealthMarkets explains the 3 steps that Medicare is taking to reduce these costs and shares 3 resources to help older adults save money on prescription medications now. Over 70% of all Medicare recipients are enrolled in Medicare Part D prescription drug coverage plans. With so many Americans…
Insurance plans are complex and confusing. Because of this, it can be hard to understand how changes will affect our wallets. But a recent change is likely to skyrocket prescription drug costs for seniors. FamilyWize explains what copay accumulators are, why they increase prescription drug costs, and how seniors can combat those rising costs. U.S. insurance companies are adding copay accumulators…
Prescription medications are a significant cost for most seniors. That’s especially true if they fall into the Medicare Part D coverage gap known as the “donut hole.” That’s when drug costs can skyrocket because they’re not covered. FamilyWize shares 5 expert tips on how seniors can afford to pay for prescriptions when they’re in the Medicare donut hole. For many people,…
Managing medical bills is a necessary part of caregiving Managing medical bills is part of the job when you’re caring for an older adult. Unfortunately, those bills are often complicated, filled with errors, and sometimes beyond your older adult’s budget. We found a helpful image that breaks down medical bill management into 10 clear steps. This organized list makes the job much easier…
