In January of 2006, the Medicare prescription card program was launched for the first time. This program offers help with prescription drug coverage to anybody who is covered by Medicare. Regardless of your age, income, medical history or current coverage, you are eligible to sign up for this prescription drug coverage plan, as long as you are eligible for Medicare.

Benefits of the Medicare Prescription Card

While this government program will not pay for your medications outright, you will start to see some relief from high drug costs. This plan offers you these advantages:

  • Partial coverage for your drug costs
  • Extra help covering prescription costs for those with limited income
  • Protection against high drug costs in the future
  • Coverage for both brand-name and generic drugs

Alternatives to the Medicare Drug Card

Unfortunately, not everyone is eligible for this government drug card. If you are one of those people who does not qualify for this government assistance program, you may be looking to alternatives that can also help in reducing your medication costs. The good news is that there are private prescription savings cards that work in a similar way to the Medicare plan. These cards also offer you substantially reduced costs on almost all of your prescriptions. The PS Card is a prescription program that saves you up to 50 percent on many of your prescriptions. Unlike Medicare, everyone is eligible for the PS Card, and it is a simple process to get your own card and start saving immediately.

"...The good news is that there are private prescription savings cards that work in a similar way to the Medicare plan.."