Drug Programs
DRUG COUPON CARDS
With the proliferation of generic drugs onto the Canadian market, the brand name drug companies put together a program that would subsidize the cost of a brand name drug to be the same or close to the generic equivalent. There are a couple of cards available to the Canadian public, it all depends on what medication you are using and if there is a generic equivalent.
If you are on a generic drug and would like to see if the brand name is available, then click on the following two sites to see if either card can assist you. They are free and can be activated immediately.
TRILLIUM DRUG PROGRAM
This is an Ontario government assistance plan to help with the high cost of medications in the province of Ontario. To be eligible for the Trillium benefit you must be a resident of Ontario; other provinces offer similar plans.
Trillium’s requirements are that the cost of the drug will need to be more than 4% of your household income and considered high cost. A family that makes as much as $100,000 may qualify for Trillium. Their deductible will be $4,000 per year and if the cost of the drug is considered catastrophic, the Ontario government will assist. Click on the following link and you will be taken to the website to apply. We can also send you forms to speed up the process.
Get help with high prescription drug costs:
OHIP+
OHIP+ provides more than 4,400 drug products at no cost for anyone age 24 years or younger who is not covered by a private plan. You don’t need to enroll — all you need is a health card number and an eligible prescription.
Calculators
…FOR BUDGETING
INVESTMENT ACCOUNT INFORMATION
RRSP (Registered Retirement Savings Plan)
RRIF (Registered Retirement Income Fund)
RESP (Registered Education Savings)
TFSA (Tax-Free Savings Account)
RDSP (Registered Disability Savings Plan)
RESOURCES FOR AGES 55+
Old Age Security (OAS)
Information
Canada Pension Plan (CPP)
Information
Senior Tax and Benefit information
Seniors Canada website