Medicare’s prescription coverage gap, known as Medicare’s “Donut Hole”, is trying to reduce the gap by giving seniors a discount on their prescription drugs. Starting January 2011, consumers who pay the full cost of prescriptions up to $4550, will start to receive a 50% discount when buying Medicare covered brand-name prescription drugs, and a 7% discount on generic brands. This kind of savings comes in handy when on a fixed income. Check with your local Medicare provider for more details.
For those looking for more ways to save, install a medical alert system in your home instead of moving to a retirement community. A medical alert system is much more cost effective as seen with Life Alert’s 36 month membership which is less than 1 month’s rent in a retirement institution. With that kind of savings you can buy a whole lot of donut holes, and the donut too.
Really useful stuff .Never had an idea about this, will look for more of such informative posts from your side.. Good job...Keep it up
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