Seniors in Donut Hole to get 50% off of RX meds

May 25, 2010 – The Centers for Medicare & Medicaid Services (CMS) has issued new guidance to Part D plan sponsors to guarantee that senior citizens and other Medicare beneficiaries enrolled in Part D prescription drug plans will see 50 percent savings on their brand name and some authorized generic drugs when they enter the coverage gap, or donut hole, during 2011.

In a notice in the Federal Register, CMS also issued the draft model agreement that drug manufacturers of applicable Part D drugs will sign in order to participate in the discount program.   These agreements with manufacturers represent an unprecedented partnership to help millions of Medicare beneficiaries. Discounts will apply when the beneficiary reaches the coverage gap.  Eligible beneficiaries will see the discount when they buy their drugs at their local pharmacy counter.

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Comments

  1. There are proposed changes in the clause of healthcare reforms for almost all the states of the US.

    It is clear that with the implementation, Medicare beneficiaries will receive benefits and discounts.

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