How to Select the Right Medicare Prescription Drug Plan for You
If you’re on Medicare and take prescription drugs, this won’t surprise you: The costs of medications are rising fast. Up an estimated 12.6 percent in 2014, prescription drug costs are projected to rise by an average of 7.3 percent annually, according to U.S. Department of Health and Human Services.
But that doesn’t mean you have to bear the brunt of these increases. With the right planning and strategy, you may be able to lower your Medicare drug costs—or at least prepare for rising costs. It starts with choosing the right prescription plan for you.