Planning to move for retirement? You may want to factor in how much more you'll pay for prescription drugs under Medicare in different locations.
Lisa Miller of Wilmette, Illinois, qualified for Medicare for the first time last year and she'd heard horror stories from friends about the complicated process to pick a plan.
When taking into account differences in median income across the country, Pennsylvania stood out as the state where insulin would cost the highest percentage of median household income with Wisconsin and New Mexico not far behind. The nonprofit focused on health issues plans to keep an eye on whether Medicare plans change which insulins they cover once the cost-sharing cap goes into effect next year. Because of the proliferation of private insurers offering Advantage and Part D plans, some people can have over 100 options of plan combinations to choose from.
Given that range of differences, Blumenfeld-Gantz said it's worth looking at the ZIP codes where you may want to move and find out how much your prescriptions would cost there.
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