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Home Blog What to Know About Prescription Costs

What to Know About Prescription Costs

February 5, 2021msoltisBlog

Your mother or father may be having problems paying for prescription costs. The truth of the matter is, many medications today are outrageously priced. If your parent is complaining that they cannot afford the pills their doctor is prescribing, they are not alone. In fact, older adults often struggle with this issue.

what to know about prescription costsRising Prescription Costs

Studies indicate that 75% of Americans age 50 and over take prescription drugs on a regular basis. As seniors age, this percentage increases to about 80%. Most seniors take at least two different medications at a time and cannot afford the cost, with or without insurance. Many of these older Americans state that each year their out of pocket expenditures for their prescriptions tends to increase.

So what can your mother or father do?

Your parent should mention to their medical provider that they cannot afford the medication. Most doctors receive samples from the drug companies specifically for low-income individuals or to supplement people with large out of pocket expenses. It’s also recommended to ask your doctor write the prescription for a generic of the drug, which will often save on the overall cost.

If mom or dad’s doctor cannot assist with samples, your parent can also contact the drug company to see if they have any special programs for senior citizens and or low-income individuals. Also, don’t assume that the pharmacy you are using is the best-priced pharmacy. Do a little research; often mail order prescription refills are the best savings, and can help to reduce prescription costs.

Discuss with your mom or dad’s doctor if medication may be substituted using natural supplements or food derivatives. Too often a pill is easier to heal a diagnosis rather than exercise or nutritional eating, but that prescription may be costing too much. Help your parent cut the cost of medication while maintaining their health.

Medication Reminders

In addition to struggling with paying for medications, they are also commonly forgotten. But when Mom or Dad fails to take their medications, they may experience extreme pain or setbacks. An in-home caregiver on the other hand can ensure these difficult situations do not occur.

When working with a caregiver at Assisting Hands Home Care in the Fort Myers, FL area, they will provide medication reminders to ensure your parent is taking their medications on time. They can also cook, healthy meals to supplement the prescriptions, meeting all dietary needs.

For more information about how our home health care services can benefit Mom or Dad, give us a call at (239) 337-4263. Our caregivers are trained, experienced, bonded and insured to help your parent live safely and comfortably at home.

Tags: Medication Management, Senior Finances, Senior Health
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