What follows is one of a series of facts on what is included in the Affordable Care Act. Readers can come to their own conclusions as to the value of the rule and whether the rule should or should not be part of our country’s health care system.
Medicare Drug Discounts
The Affordable Care Act includes benefits to make your Medicare prescription drug coverage (Part D) more affordable. It does this by gradually closing the gap in drug coverage known as the "Donut Hole."
What This Means for You:
Starting January 1, 2011, if you reach the coverage gap in your Medicare Part D coverage, you will automatically get a 50% discount on covered brand-name drugs. You receive the discount when you buy them at a pharmacy or order them through the mail, until you reach the catastrophic coverage
- You will also get a 7% discount on generic drugs while in the Donut Hole.
- You can expect additional savings on your covered brand-name and generic drugs while in the coverage gap until the gap is closed in 2020.
Status of rule: In effect as of January 1, 2011
For More Information on this Benefit:
For More Information on the Affordable Care Act:
Willie C. Moore