Lowering Medicare Costs and Expanding Drug Assistance
This bill creates a new program under Medicare to help eligible low-income individuals pay for Medicare premiums, deductibles, and coinsurance starting in 2023. It also expands eligibility for help with prescription drug costs under Medicare Part D, making it easier for more people to afford their healthcare and medications.
Key points
A new Medicare program will cover out-of-pocket costs like premiums and deductibles for eligible individuals.
Eligibility for help with prescription drug costs under Medicare Part D is expanded to include individuals with income up to 200% of the poverty line.
The process for applying for this help will be simplified and managed jointly with Social Security.
Current beneficiaries receiving similar help through Medicaid will transition to the new Medicare program.
Expired
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