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Lower Medicare and Prescription Drug Costs for Low-Income Individuals.

This bill aims to shift Medicare cost-sharing assistance from Medicaid directly to Medicare, simplifying the system for low-income individuals. This means eligible citizens will have easier access to help with Medicare premiums, coinsurance, and deductibles, as well as more affordable prescription drugs. These changes are set to take effect from January 1, 2023.
Key points
Streamlining access to Medicare cost assistance (premiums, coinsurance, deductibles) for low-income individuals by moving it from Medicaid to Medicare.
Expanding the prescription drug cost assistance program (Medicare Part D) for individuals with incomes up to 200% of the federal poverty line, reducing their out-of-pocket drug expenses.
Introducing a simplified, nationally uniform application form for Medicare cost and prescription drug assistance, available in multiple languages, to ease the application process.
Launching a public awareness campaign to inform citizens about available financial assistance programs under Medicare.
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Additional Information
Lowering Medicare Premiums and Prescription Drug Costs Act
Print number: S 1844
Sponsor: Sen. Casey, Robert P., Jr. [D-PA]
Process start date: 2021-05-26