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Fact Checked

Aging Parents Benefit From Prescription Help

Aging Parents Benefit From Prescription HelpAre you concerned about how skyrocketing healthcare costs might affect your aging parents? Older people who are on the way to retirement are often hit hardest by unexpected medical bills.

Even after an older person qualifies for Medicare, they can still have difficulty meeting the requirements for “out of pocket” costs for covered care.

Medicare almost never covers 100% of costs associated with care, although there are some very rare and limited circumstances in which it might do so.

In most cases, Medicare covers about 80% of the cost of care that falls within its framework. The rest is up to the retiree or other covered person to manage.


Many older people find they need to seek supplemental help to cover the costs of prescriptions once they retire. If your aging mother, father, or both are in this situation, there are many ways you can help.

Develop A Comprehensive Retirement Budget For Your Loved Ones

When elders are ready to retire, budgeting may be the last thing on their minds. However, getting a good budget in place early in the process may be the key to long-term quality of life for older people.

You can help elder loved ones to understand their costs and maintain their income in retirement. First, look at sources of income that might be available to them, such as investments and pension benefits, and calculate the amount they can expect to earn in an average month.

Then, review the common sources of expenses in retirement years:

-- Rent

-- Utilities

-- Food

-- Transportation

-- Prescription Drugs

-- Insurance

-- Other Care

There are some expense categories that might gradually decline as a person ages. For example, many of the costs of transportation may go down in a person’s golden years, as they no longer have to maintain a car or auto insurance.

However, some cost categories are more likely to grow, and they can grow radically over time. One of the costs that is most likely to expand with age is the cost of prescription drugs. Even if someone requires only one prescription, it can increase in cost 50%-100% each year.

A USA Rx pharmacy discount card can help make the cost of prescription drugs more manageable for individuals who are on a fixed income. USA Rx is a foremost brand in providing pharmacy discount cards to people just like you and your friends, neighbors, and family.

Published July 8th, 2014 by USA Rx
Fact Checked by Chris Riley

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