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 qualify for Catastrophic Coverage is scheduled to undergo a substantial increase. If Congress doesn’t act, the amount beneficiaries will have to pay to qualify 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.
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