Rock of Ages Foundation
"Yesterday is history, tomorrow is a mystery, and today is a gift; that's why they call it the present." - Eleanor Roosevelt
No doubt we are living in hard economic times. Many people are unemployed. Many people that are fortunate to have a steady job are struggling to make ends meet. Even though these two groups of Americans are “taking it on the chin” financially, there is yet another group that is probably suffering more – our retired seniors. Most individuals in this group are on a fixed income receiving a small social security check as their only financial resource.
Medicare Part D is a federal program that subsidizes the costs of prescription drugs for Medicare beneficiaries. Medicare Part D is very helpful, however it contains a “donut hole” where the patient is responsible for 100% of the drug cost. According to a recent study from Harvard Medical School, seniors often go without drugs once they enter the “donut hole,” even if the medications are crucial for chronic conditions. They often have to decide between paying for prescriptions and buying food.
