Retirees on a fixed income understand all too well that the cost of prescription drugs has risen dramatically in the last few years; nationwide we saw 12% increases from 2015 to 2016. If you have serious allergies, you have seen the cost of your epipen rise from $200 to $600 this year. The Wall Street Journal reports that food and alcohol costs have gone up 2.8% and clothing up 5.7%. When social security payments don’t rise and the actual costs of living continue their charge upward, it really pinches those no longer working. Social security checks are only increasing a measly 0.3% for 2017 and we are most likely to see prescription costs continue to outpace the small increases on social security.
No matter your Medicare coverage, it pays to shop around. Out of the top 20 Medicare plans 66% of prescription drugs would be less using the free Good RX program than Medicare. It works like this, go to www.GoodRX.com enter the prescription you would like to price check. Then a list of local pharmacies pops up with the prices for that prescription, simply pick the lowest price, and print the coupon. Take your coupon to the pharmacist and get your prescription at a major discount. This site is completely free and there is nothing to sign up for. For example, Fenofibrate has a cash price offered of $62; with Good RX the price is only $18.75. If you still need help with the constant price increases on prescription medication or other expenses, you may consider a reverse mortgage. You can take as little or as much of your qualification as you would like out on your reverse and save the rest for a rainy day. I started helping people get reverse mortgages in 2002 and the initial costs were incredibly high, today the initial costs to do this FHA program is often 50 to 60% less than it used to be. Call us today and find out how your life could improve with a reverse mortgage
Robert Snow Krepps, NMLS #255191, at HighTechLending Inc today to discuss how a reverse mortgage may be able to help you (877) 567 – 7476 or firstname.lastname@example.org .
HighTechLending Inc, NMLS # 7147, is an Equal Housing Lender. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.