Top 5 Tips for Managing Medicare Costs TopicsPopular TopicsMost Recent Medicare Working Past 65 Lifestyle & Wellness Considering Retirement Existing Clients If you had to guess, how much do you think you will spend on health care in your retirement years? Predicting what you will spend on health care during retirement is one of the most challenging pieces of the retirement puzzle. But it’s also one of the most important! Estimating these costs doesn’t have to be a guessing game. We have some insider tips on how to calculate your Medicare costs and reach a closer estimate. 1. Create a list of your expected health care needs. Prescriptions, doctor visits, travel plans, upcoming procedures, where you plan to have procedures done, potential changes to your health plan – all these little things can have a big impact on your health care costs. 2. Consider taking generic prescriptions instead of brand name. Prescription medications are one of the top expenses for retirees. Ask your doctor if there are any generic versions of your drugs available in place of the brand name. If your doctor allows it, this could be a great way to save money. 3. Ask your pharmacist about discount programs for your prescriptions. Ask your pharmacist about program options that may be available to you. You can also call RetireMEDiQ’s experts for information at 1-877-222-1942. 4. Consider switching pharmacies or signing up for mail order. Being open to using an in-network pharmacy or to signing up for mail-order delivery could save you money on your prescriptions. While it may only be a few dollars a month, that can mean big savings over the course of the year. 5. Know how much each part of Medicare coverage costs. Before you sign up for Medicare, spend time learning about the different costs associated with your Medicare coverage. Check out our cost breakdown for more details. Managing Medicare costs doesn’t have to be a chore! We’ve got you covered. Stay informed about Medicare An easy way to stay updated on Medicare and any important changes is to sign up for the free, customizable RetireMEDiQ newsletter. Based on your personal preferences and interests, helpful articles and community-related content will be sent directly to your inbox. Sign up for our newsletter Yes! Tell me more about Medicare and help me explore my options.Name First Email* Date of BirthMonth123456789101112Day12345678910111213141516171819202122232425262728293031Year202120202019201820172016201520142013201220112010200920082007200620052004200320022001200019991998199719961995199419931992199119901989198819871986198519841983198219811980197919781977197619751974197319721971197019691968196719661965196419631962196119601959195819571956195519541953195219511950194919481947194619451944194319421941194019391938193719361935193419331932193119301929192819271926192519241923192219211920Phone*By entering your information, you are authorizing RetireMEDiQ to communicate with you directly regarding Medicare news and health care coverage.vidhiddenPhoneThis field is for validation purposes and should be left unchanged.