News

May 31, 2018

MEDICARE TODAY URGING CONGRESS TO FIX PART D “OUT-OF-POCKET CLIFF”

A significant number of Medicare Part D beneficiaries with high prescription drug needs are facing a substantial increase in their out-of-pocket costs.  In 2020, the threshold level of out-of-pocket payments for beneficiaries to quality for Catastrophic Coverage is scheduled to undergo a substantial increase.  If Congress doesn’t act, the amount beneficiaries will have to pay to quality for this coverage will jump by $1,500 between 2019 and 2020.  Medicare Today has produced an infographic  providing more details on this urgent matter.