How do I use the $600 credit from Medicare to help pay for prescriptions?
If you are approved for the $600 credit from Medicare to help pay for your prescriptions, this amount will be applied to your discount card. Depending on your annual income, you will pay a 5% or 10% coinsurance for your prescription drugs. The pharmacy will then deduct the remainder from your discount card. For example, if your prescription costs $100, and you pay the 10% co-insurance of $10, $90 will be deducted from the balance on your card. To find out how much of the $600 you have left, you can call the company’s toll-free telephone number to get this information. You can also check the statement you get with your prescription or ask the pharmacist. When you have used all of your $600 credit, you still will be able to use your Medicare-approved drug discount card to save money on your prescriptions. If you don’t have other prescription drug coverage, you will have to pay the full discounted price. If you keep the same Medicare-approved drug discount card you had in 2004, and some o
