If you're fortunate enough to have a job with good health benefits, you may not think much of the cost of prescription medications you take. You may only have to make a co-payment that covers a fraction of the total cost.
When you are retired and on Medicare, you'll still have to pay a share of health-care expenses out of pocket — and those expenses will likely consume much of your Social Security benefits and retirement savings.
Medicare may help cover some costs, including doctor's visits, hospital stays and some prescription drug expenses, but it doesn't cover everything. Health-care expenses for a couple at age 65 will range between $275,000 and $295,000 — and they'll spend anywhere from $13,000 to $15,000 out of pocket just for prescription medication, according to health-care software firm HealthView Services.
Here are four ways to keep those costs down: