A new survey suggests that the nation’s seniors are overwhelmed by the number of prescription medications they need to take each day. Of 1,000 seniors surveyed, 51 percent take at least 5 different prescription medications each day. 25 percent of seniors take between 10 and 19 pills each day. 57 percent of respondents admit that they forget to take their medications. Amongst respondents taking 5 or more medications, 63 percent say that they forget their medication doses.
Additionally, the survey suggests that the top concern for individuals taking prescription medications is the cost of the medications. 40 percent of seniors taking 5 or more medications daily cited the cost of these medications as their primary concern – not forgetting to take the medications or the side effects of the medications.
According to the survey, 60 percent of Medicare beneficiaries take steps to avoid reaching the prescription medication coverage gap by asking their doctors for free samples or by taking generic medications instead of name-brand counterparts. In fact, 76 percent of Medicare beneficiaries choose generic medications over name-brand medications because of the cost.
Medicare Supplement insurance can help to ease the cost of prescription medications for some qualifying Medicare beneficiaries. Medicare Supplemental insurance – also known as Medigap insurance – helps to close the gap between what traditional Medicare plans cover. By enrolling in a Medicare Supplemental insurance plan, Medicare beneficiaries can ease the burden of worrying about high-cost prescription medications.
Contact us today to learn more about Medicare Supplemental insurance and how such a plan could help you save money and ensure that you get the best health care coverage for all of your health care needs.
Wiley Long is founder and president of Medigap Advisors, and is passionate about helping people navigate the confusing waters of Medicare. He is the author of The Medicare Playbook: Designing Your Successful Health Coverage Strategy, a clear and simple explanation so you can make the most of your Medicare coverage. For more information visit www.MediGapAdvisors.com.