Consumer Reports magazine recently published an article about what can be done if the cost of your prescription medication goes up.
Under President Biden’s 2022 Inflation Reduction Act, vaccinations, including the shingles vaccine, are free for people on Medicare. Most insulin shots cost just $35 or less a month for people on Medicare Part D. Beginning Jan. 1, 2025, another big benefit kicks in as well: Seniors on Medicare Part D won’t pay more than $2,000 annually out of pocket for medications.
In addition, seasonal flu vaccinations are free, as are the new Covid-19 vaccinations. If you’re on Medicare Part D, you also can get the RSV vaccination for free.
If you’re on Medicare Part D, you may qualify for “Extra Help” in 2024. According to the article, “A third of all enrollees in Medicare Part D get some sort of assistance, according to figures from KFF, and with the Inflation Reduction Act, up to 300,000 additional people will be eligible for the assistance. Find out whether you qualify at SSA.gov/extrahelp or call 800-772-1213.”