Improving Senior Drug Access: Reports on Monthly Capped Medicare Payments.
This bill mandates regular government reporting on how seniors utilize the existing option under Medicare Part D to pay prescription drug costs in fixed, monthly installments. The goal is to ensure this cost-spreading option is easily accessible and well-communicated to all eligible beneficiaries. Reports must also detail efforts to make this election possible directly at the pharmacy counter.
Key points
Requires the government to track how many seniors choose to spread their annual prescription drug costs into predictable monthly payments under Medicare Part D.
Mandates reporting on efforts to simplify the election of this payment option, including making it available directly at the point-of-sale (at the pharmacy).
Reports are required annually until 2031 to monitor the effectiveness of outreach and implementation of this financial benefit for seniors.
Expired
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