How to Pay Drug Bills With AARP Coverage

1.

Enroll in one of AARP's health insurance programs that include prescription medication coverage. There are two options. Your first option is their Medicare Part D coverage. This coverage is for prescription medication coverage only. Enrollment in this program is restricted to November 15 to December 31 of each year. The second option that you have is for AARP's Medicare Advantage Plan, which is a Medicare Supplemental Insurance program. This option allows you to select an insurance plan that will provide insurance coverage for a variety of medical expenses including prescription medications. The best part about this option is that you can select the plan that provides you with the medical coverage that you want. For example, you can select a plan that covers nursing home care and prescription medications or one that also includes at-home care.

2.

Provide your pharmacist with your AARP insurance card when you buy your prescriptions. The pharmacist will fill out the required paperwork and submit it to AARP for you. All you have to do is pay your co-payment or deductible.

3.

Keep track of your drug bills, as this insurance program does have a cap of a little over $2,500 a year. You will be responsible for paying the full amount of your prescription drugs for all drugs over your annual limit.

Tips and Warnings

  • The cost of AARP Medicare Advantage Plans is going to vary by state as will the exact coverage that is offered to you. Because of this you will need to talk to an AARP insurance agent that is licensed to sell policies in your state to find a coverage option that is right for both your medical needs and your budget.
  • Prescription medications are one of the largest medical costs that many older people have to deal with on a regular basis. With many people needing three or more prescriptions to manage their health each month, the costs for these prescriptions can quickly overwhelm a fixed income. Fortunately, AARP offers two different insurance coverage options that will help you to pay your drug bills.