medical costs

How to Survive Staggering Medical Cost

Rising medical cost is one of the major problems that you will be facing in life, especially in retirement. Chances are, you’ll be paying more for medical services, but you’ll be getting less. But you don’t have to suffer that fate. Here are some ways how you can survive and save on medical costs. Generic prescriptions Generic medications are versions of medicines which have the same active ingredients just like their name-brand counterparts. To save on medication costs, you can discuss generic options with your doctor before you start a new medication. You can also check if your medications have equivalent over the counter option that is cheaper than your current. Maximize your Medicare coverage Once you turn 65, you will be eligible to be a Medicare beneficiary. Medicare coverage can cover up to 80% of your Medicare-approved medical bill which is already helpful
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