The missed savings are a results of failing to purchase a prescription “season ticket” – formally referred to as a Prescription Prepayment Certificate (PPC). Data from the NHS Business Services Authority obtained by Money Saving Expert, 1,064,992 people paid for no less than 12 prescriptions individually within the 2021/2022 financial 12 months.
It also showed that of those that purchased 12 or more prescriptions, a median 16 items were bought – at a price of £149.60.
Nonetheless, if an individual pays £9.35 for every prescription, quite than a single payment of £108.10 for 12 months of unlimited prescriptions – they find yourself overpaying by roughly £40 per 12 months.
Martin Lewis explained: “England is the one one in every of the 4 UK nations that charges for prescriptions.
“So, it’s frustrating to listen to that many individuals are still paying greater than they should – especially at a time when every penny counts towards bills.
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“For those who think that is you, test it out now in case we see one other price hike at the start of spring.”
MSE found the last financial 12 months is the fourth 12 months in a row the variety of patients losing out has reached over a million.
For instance, within the 2021/22 12 months, some 1,064,992 people missed out on saving with an annual PPC.
Prescription prices typically rise each April, but they’ve been frozen for the 2021/22 and 2022/23 financial years – at £9.35 per prescription.
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With this technique, the more prescriptions an individual requires, the more could be saved with a season ticket.
Consequently, Martin Lewis has encouraged people to look into the matter now – as it is not yet known if prescription and season ticket prices will rise for the 2023/24 financial 12 months.
Nonetheless, the expert also stresses Britons should check if paying for his or her prescription is vital first.
The NHS estimates some 89 percent of prescriptions in England are provided freed from charge, and other people can check using the health service’s online eligibility checker tool.
Purchasing a PPC could be done online, over the phone, or at many pharmacies, and could be paid for by direct debit.