This is especially true for the elderly who rely on Medicare to help reduce their medical costs. Yet, the Medicare parachute still has a major hole in that it does not cover prescription drugs. According to the American Association of Retired Persons , drug costs are 34 percent of elderly people's total healthcare expenses. Those who pay cash for their medications are the ones hardest hit by the ever increasing price of prescriptions.
Pharmacies charge patients various prices for medications.
Those who are on Medicare and cannot afford prescription coverage, are increasingly choosing affordable options such as MatureRx . The MatureRx program is a prescription savings plan that saves its members on brand name and generic medications. The MatureRx program covers over 800 brand name prescriptions and all generic medications . Anyone can join and there are no health requirements, no premiums to pay and no current membership fees. The program works by leveraging its large member base to contract special discounted pricing on preferred medications.