Prescription drugs are expensive and keep going up. Even though you may not have a copay because they fall in tiers 1 and 2 on your drug plan, it doesn’t mean they are free. Your insurance plan pays on the back-end the cost of the medication.

Once you AND your plan spend $4,660, you will fall into the donut hole, where you are liable for $2,740 for your medications before they pay anything again. However, there is help.

Find out if you qualify for the Extra Help program which:

• Makes up to $5,300 available to your insurance company for your medications, so you do not fall into the donut hole.
• Locks your copays at a low $1.40 to $4.15 for generics who may have a copay, and $10.35 for brand name drugs.

Righteous Advisors can check the qualifications, and if you fall within the parameters, submit a simple form to Social Security to see if you qualify. Make sure to contact us to schedule applying for Extra Help.