AlzU Blog

Are you a Caregiver Paying too much for a Senior’s Medications?

If you are a caregiver of a loved one with Alzheimer’s disease (AD), you may have experienced firsthand the high cost of medicine to treat AD.  According to a recent study, many seniors with Medicare are paying more than they have to for medical costs.  In fact the study showed that as many as ninety percent of all seniors are paying too much for their medication and only seven percent of those in the study (of 22,000 participants) were in the Medicare prescription plan with the lowest out of pocket expense.

Once a senior turns 65 he/she qualifies for Medicare and once he/she has enrolled, Medicare Part D becomes available-which pays for prescription medicine.  A monthly deductible and co-payment will be assigned as well as a threshold.  Once the threshold is reached, there is a gap in Medicare Part D payment-until another pre-set amount is reached-at which time Medicare Part D will kick in again and continue paying.  For many families this “gap” in payment can be financially devastating. 
If your loved one has limited resources, he/she may be eligible for Medicaid or reduced fees through Medicare.  Some states work with Medicare to offer inexpensive prescription coverage for low income seniors.

If your loved one is a veteran, he/she can qualify for a low cost prescription plan through the Veteran’s Administration.

There are many online resources to help low income seniors pay for prescription medications. 

Find help with prescription medicine costs for seniors by CLICKNG HERE.

Get help paying for senior care by CLICKING HERE 

AARP has a website offering information for seniors struggling to pay for prescription medications, CLICK HERE to check out AARP’s resources

Learn more about topics for caregivers of those with AD by CLICKING HERE to join our 25 lesson course at today.

Why Join?

Alzheimer's Universe has been created by medical experts to help learn the latest about AD diagnosis, treatment & prevention

Sign Up

Prevention & Treatment

Learn about the latest tips used to help reduce AD risk, delay onset of symptoms, and how to manage AD using a comprehensive approach

Join Now

Learn More

Click on the button below to learn about why Alzheimer's Universe was created, how it works, and what to expect after joining

Learn More

As Seen On:

The Today Show

Share with friends and family: