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Before the law, there was no out-of-pocket cap for Medicare's Part D, the section that covers prescription drugs, which left seniors at risk of "significant financial burdens," the AARP noted.
(Part D refers to coverage for prescription drugs.) A separate report from the nonprofit group AARP found that 3.2 million Medicare recipients are expected to see savings from the out-of-pocket ...
One of the biggest changes is a $2,000 cap on what Medicare enrollees must pay out of pocket for prescription drug costs. As the AARP noted, the change will have a “ripple effect” on the other ...
Going forward, out-of-pocket drug costs are capped at $2,000 a year for people with Medicare Part D drug plans or the prescription drug coverage in Medicare Advantage plans, according to Medicare.gov.
Prescription Drug Coverage homepage at Medicare.gov, a central location for Medicare's web-based information about the Part D benefit. "Landscape of Plans" , at Medicare.gov, state-by-state breakdown of all Part D plans available by area, including stand-alone (drug coverage only) plans and other coverage plans.
Starting in January, insurers will cover 60% of drug costs, with Medicare and drug manufacturers splitting the remaining 40% for brand-name drugs and Medicare picking up the full 40% for generic ...
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