Martin Lewis outlines how you can save THOUSANDS of dollars on NHS prescription fees every year.
PRE-PAYMENT prescription cards can help Britons save money if they need a variety of prescriptions throughout the year, according to Martin Lewis, founder of Money Saving Expert.
Martin Lewis of BBC Radio 5 explained how the pre-payment certificate is a one-time payment of £108.10 for all prescriptions needed in the next 12 months.
“You can acquire a three-month one for £30.25, or a year-long one for £108.10,” he said of the pre-payment subscription certificate.
“Some people get three or four prescriptions a month for different ailments.”
“That covers all of your prescription costs for a year, regardless of how many you have.”
“People who, on average, utilize more than one prescription per month would benefit from a pre-payment prescription certificate.
“This effectively brings the annual cost of medicines down to £108.10.”
Pensioners are being asked to check out a little-known option to ‘ensure’ that their care bills will be covered. “If they aren’t entitled to it for free, the pre-payment prescription certificate is absolutely something worth checking into.”
“It can be backdated a little if somebody has gotten prescriptions recently.”
A prescription prepayment voucher can save a lot of money for a lot of people.
The amount of money saved with a prescription prepayment certificate is determined by how many medications must be paid for and how long they must be paid for. However, if a person pays for more than one medication every month, getting one will save them money.
“Nearly 90% of prescription goods are supplied free of charge at community pharmacies in England,” a spokesperson for the Department of Health and Social Care said.
“Existing exemptions protect children, pregnant women, and anyone over 60 who are low-income or have medical illnesses like cancer, epilepsy, or diabetes.”
“Through the NHS Low Income scheme, patients with long-term conditions or on a low income can apply for a variety of prescription payment exemptions or additional support.”
On April 1, the NHS prescription charge increased by 20p to £9.35.
• The price of single prescription goods increased by 20p (2%), from £9.15 to £9.35.
• Prescription prepayment certificates for three months rose by 60p (2%), from £29.65 to £30.25.
• The price of 12-month prescription prepayment certificates increased by £2.10 (2%), from £105.90 to £108.
Older adults may need to think about the proposed changes to extend the free prescription age from 60 to 66. “Brinkwire News Summary.”