New Drug Law Enhances Part D Prescription Drug Benefit and Keeps Part D Premiums Stable for 2024| www.cms.gov
During the Medicare Advantage open enrollment period (MAOEP) – from Jan. 1 to March 31 – Medicare Advantage enrollees may be able switch their plan – or drop it. Learn about restrictions and how to make changes.| medicareresources.org
As policymakers focus attention on proposals to lower prescription drug costs by allowing price negotiation or international reference pricing for a limited number of drugs, this analysis measures the share of total Medicare Part D and Part B prescription drug spending accounted for by top-selling drugs covered under each part.| KFF
Under the new law, Medicare beneficiaries will see a series of prescription drug-pricing provisions phased in – mostly over the next several years| medicareresources.org
Medicare has selected 15 more drugs to negotiate directly with participating drug companies. Building on the success of the first round of negotiations, the aim is to lower prices for some more of the costliest prescription drugs.| www.cms.gov
The federal poverty level (FPL) - also referred to as the federal poverty guidelines – is used to determine eligibility for Medicaid and CHIP, and for premium subsidies and cost-sharing reductions in the health insurance marketplace.| healthinsurance.org
The Extra Help program helps people with limited income and resources lower or cut Part D costs.| Social Security
"Extra Help" is a program to help people with limited income and resources pay Part D premiums, deductibles, coinsurance, and other costs.| Medicare
In August 2022, President Biden signed the Inflation Reduction Act of 2022 (P.L. 117-169) into law. The law makes improvements to Medicare by expanding benefits, lowering drug costs, and improving the sustainability of the Medicare program for generations to come. The law provides meaningful financial relief for millions of people with Medicare by improving access to affordable treatments and strengthening Medicare, both now and in the long run.| www.cms.gov
