{"id":78982,"date":"2025-10-16T18:39:09","date_gmt":"2025-10-16T18:39:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/78982\/"},"modified":"2025-10-16T18:39:09","modified_gmt":"2025-10-16T18:39:09","slug":"5-things-retirees-need-to-know-about-the-new-trump-drug-program","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/78982\/","title":{"rendered":"5 Things Retirees Need To Know About the New Trump Drug Program"},"content":{"rendered":"\n

The Trump administration and Pfizer have made an agreement for the drug company to sell many medications to Medicaid at favored prices, along with offering some of its drugs for sale at lower prices on TrumpRx, per Forbes<\/a>. However, the outlet noted that missing details make it tough to tell exactly how this program may impact struggling Americans and their budgets<\/a>.<\/p>\n

Read More: Trump Said He\u2019d Lower Grocery Prices on Day 1: See Where They Stand Now<\/a><\/p>\n

Learn More: 6 Big Shakeups Coming to Social Security in 2025<\/a><\/p>\n

With the related website set to launch next year, now may be a time to consider your own medication costs and plans. Here are a few things financial experts told GOBankingRates retirees need to keep in mind with the launch of this drug program.<\/p>\n

Also see how much you can save on prescriptions using Mark Cuban\u2019s Cost Plus Drugs<\/a>.<\/p>\n

As NPR<\/a> reported, the website is set to launch in 2026, and the plan is for it to direct users to the direct-to-consumer websites of pharmaceutical companies. While the website isn\u2019t fully active yet, retirees may want to keep an eye out once it launches.<\/p>\n

\u201cRemember to look for the medication you need on the TrumpRx website,\u201d said Melanie Musson, an insurance expert with Quote.com<\/a>. \u201cIt\u2019s designed for people who are buying medication without insurance, so if you fit in that category, your costs on the website could be considerably less than if you go to the local pharmacy.\u201d<\/p>\n

Check Out: 5 Ways Trump\u2019s \u2018Big, Beautiful Bill\u2019 Could Impact Your Wallet<\/a><\/p>\n

NPR noted that the discounts on the website would be accessible only for those who aren\u2019t using health insurance<\/a>.<\/p>\n

\u201cThere will most likely be savings from the program for those uninsured. Those on insurance typically already receive discounted rates on many prescriptions, so it\u2019s not clear if there will be any major savings for them,\u201d according to Brandon Gregg, CFP, advisor with BBK Wealth Management<\/a>.<\/p>\n

Drug costs are one of the biggest pieces of the retirement budget<\/a>, so it makes sense to pay close attention to any changes, according to Taylor Kovar, CFP, CEO of 11 Financial<\/a>. He said this program could touch things like out-of-pocket caps, which prescriptions are covered and how brand-name drugs are priced.<\/p>\n

\u201cEven small shifts can matter when you\u2019re living on a fixed income,\u201d Kovar said. \u201cTalking it through with a pharmacist or advisor is a good way to see how it fits into your personal situation.\u201d<\/p>\n

\u201cAlthough many details are still unknown, we expect to see overall savings in state Medicaid programs,\u201d said Wes Hill, senior director of regulatory affairs at RxBenefits<\/a>. \u201cIn the near term, this will primarily affect Pfizer products. However, if more manufacturers announce similar deals, Most Favored Nation (MFN) pricing may become available more broadly in Medicaid.\u201d<\/p>\n

According to Hill, there is no direct reference to Medicare<\/a> Part D or retiree plans in the commercial insurance market in the latest announcement. However, he\u2019s hopeful that Pfizer\u2019s promise to launch new-to-market drugs at MFN prices, as well as repatriate foreign earnings for onshore investment, will have positive, indirect impacts on Medicare Part D and commercial market drug prices in the long term.<\/p>\n

Per Christopher Stroup, founder and president of Silicon Beach Financial<\/a>, it can be helpful to leverage discount programs alongside coverage.<\/p>\n

\u201cEven with the new program, out-of-pocket costs can vary,\u201d Stroup said. \u201cUsing manufacturer discounts, pharmacy cards and mail-order services alongside your coverage can significantly reduce costs. Combining strategies helps retirees stretch savings without compromising access to necessary medications.\u201d<\/p>\n

Editor\u2019s note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com<\/a>.<\/p>\n

More From GOBankingRates<\/p>\n

This article originally appeared on GOBankingRates.com<\/a>: 5 Things Retirees Need To Know About the New Trump Drug Program<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The Trump administration and Pfizer have made an agreement for the drug company to sell many medications to…\n","protected":false},"author":2,"featured_media":78983,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[55424,686,163,85,46,31574,482,55425,38347,18929],"class_list":{"0":"post-78982","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-medication","8":"tag-drug-program","9":"tag-gobankingrates","10":"tag-health","11":"tag-il","12":"tag-israel","13":"tag-medicaid","14":"tag-medication","15":"tag-medication-costs","16":"tag-pfizer","17":"tag-the-trump"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/78982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=78982"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/78982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/78983"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=78982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=78982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=78982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}