Some states have help for seniors that are on expensive prescription Medications. New York is one of them and their program is called EPIC. For individuals that don’t qualify for programs such as Medicaid or Extra Help because of income, they will often qualify for EPIC. Currently, the income ceilings are-
$75,000 for an individual
$100,000 for a couple filing jointly.
For lower income individuals there will be a small fee to participate. For higher income individuals there will be a deductible that is satisfied by the individual paying for their medications but, the Part D Deductible, if any, must be satisfied first. Once EPIC is functioning, individuals will see a substantial decrease in their Medications costs.
If you live outside of New York, check with your state to see if there is a similar Rx assistance program. For you New Yorkers, there is more information on EPIC below.