The New Help for Medicare Beneficiaries with High Drug Costs That Few Seem to Know About

[GailL1]

   KFF.org - 12/12/2023 -  The New Help for Medicare Beneficiaries with High Drug Costs That Few Seem ...

 This is a nice Christmas present for those who take these extremely expensive drugs.

From the link:

Beginning in 2024, people enrolled in Part D plans will no longer be required to pay 5% coinsurance after they reach the catastrophic threshold. Eliminating this 5% coinsurance requirement means that in 2024, Part D enrollees will pay no more than about $3,300 for all brand-name drugs they take – a change KFF estimates will help well over 1 million Medicare beneficiaries. And starting in 2025, out-of-pocket drug spending will be capped at a lower amount, $2,000 (indexed annually for growth in Part D costs.)

[GailL1]

   KFF.org - 12/12/2023 -  The New Help for Medicare Beneficiaries with High Drug Costs That Few Seem ...

 This is a nice Christmas present for those who take these extremely expensive drugs.

From the link:

Beginning in 2024, people enrolled in Part D plans will no longer be required to pay 5% coinsurance after they reach the catastrophic threshold. Eliminating this 5% coinsurance requirement means that in 2024, Part D enrollees will pay no more than about $3,300 for all brand-name drugs they take – a change KFF estimates will help well over 1 million Medicare beneficiaries. And starting in 2025, out-of-pocket drug spending will be capped at a lower amount, $2,000 (indexed annually for growth in Part D costs.)

[isitusal]

Fantastic!