Will Prescription Drug Costs Eat Up 20% of Your Social Security Benefits?

Social Security benefits are an important source of retirement income for millions of Americans, but unfortunately these benefits may not go nearly as far as you think.

In fact, troubling new data from the Senior Citizens League suggests that almost a fifth of your entire monthly benefit check could be eaten up by prescription drug costs alone. It's important to plan for this reality as a future retiree, and to take steps to keep these outsized costs down if you've already reached retirement and are depending on your Social Security checks to help you make ends meet. 

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Source Fool.com