Prescription Co-Payment Change Will Reduce Costs for Long-Term Medicines

The Government has confirmed a change to prescription co-payments that will make it cheaper and simpler for people who rely on long-term medications.

Under the updated policy, people who receive a 12-month prescription will only need to pay the $5 prescription co-payment once, rather than paying $5 every three months. While medicines will still be dispensed in three-month lots, the fee will now be charged upfront for the full year.

This change follows concerns that repeated co-payments could discourage people from collecting essential medicines, particularly those on fixed or low incomes. By reducing the total cost over the year, the new approach aims to remove barriers to accessing prescriptions and support better health outcomes.

The updated co-payment system is expected to come into effect from February. People with ongoing health conditions, including many older New Zealanders, are likely to benefit most from the change.

Age Concern welcomes steps that make healthcare more affordable and accessible. If you have questions about prescription costs or need support navigating health services, please get in touch with our team.