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Easier Access to Prescription Drugs for Seniors: Medicare Rule Changes

New rules will make it easier for seniors to access prescription drug subsidies under Medicare Part D. These changes mean that funds from certain retirement plans will not be counted as income when determining eligibility for financial assistance, potentially helping more individuals cover their medication costs. The act will take effect on January 1, 2025.
Key points
Money from certain retirement plans will no longer be counted as income when determining if a senior qualifies for Medicare Part D drug subsidies.
The value of life insurance policies and balances in certain retirement plans will not be considered when assessing a senior's financial resources.
The changes aim to increase the number of seniors eligible for assistance with prescription drug costs.
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Additional Information
Print number: 118_HR_2893
Sponsor: Rep. Lee, Susie [D-NV-3]
Process start date: 2023-04-26
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Seniors Securing Access to Vital and Essential Prescription Drugs Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2893.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-04-26.

What are the main provisions?

Key points include:

  • Money from certain retirement plans will no longer be counted as income when determining if a senior qualifies for Medicare Part D drug subsidies.
  • The value of life insurance policies and balances in certain retirement plans will not be considered when assessing a senior's financial resources.
  • The changes aim to increase the number of seniors eligible for assistance with prescription drug costs.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Lee, Susie [D-NV-3].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Health.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Health Benefits