A bill to amend title XVIII of the Social Security Act to provide a monthly out-of-pocket cost sharing maximum for enrollees who incur a significant portion of costs for covered part D drugs towards the annual out-of-pocket threshold during a month.
About This Bill
Committee
Latest Action · November 20, 2019
Read twice and referred to the Committee on Finance.
Seniors Prescription Drug Relief Act of 2019
This bill allows beneficiaries whose monthly costs under the Medicare prescription drug benefit equal or exceed a significant percentage of the annual out-of-pocket spending threshold to pay down such costs in installments over the course of the remaining plan year. The Centers for Medicare & Medicaid Services must determine what constitutes a significant percentage; however, such percentage must be between 50% and 100%.
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