The proposal includes allowing Medicare to negotiate with pharmaceutical companies, yet also makes other changes that could mean recipients with high drug costs pay more.
Retirees with high prescription drug costs might want to keep an eye on President Trump's hoped-for changes to Medicare.
On top of eliminating help with generic drug costs for low-income Medicare recipients, the budget would stop allowing manufacturer discounts to count toward a beneficiary's out-of-pocket costs during the so-called coverage gap under Part D. Medicare Part D's coverage gap, or"donut hole," is the time between a drug plan's coverage limit and the threshold for qualifying for catastrophic coverage , which is when your share of the cost drops.
Some retirees with lower income get extra help to cover the cost of their medicine. Others, however, have too much income to qualify for assistance but nevertheless struggle to pay the cost of their prescriptions — which can lead to drastic choices.
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