HHS Updates Amount of Savings for Medicare Beneficiaries Under Reform Law

Under the healthcare reform law, beneficiaries in traditional Medicare will save an average of more than $3,500 in the next 10 years and those with high prescription drug costs will save as much as $12,300, according to a new HHS analysis.

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The savings come from slowing the growth of cost-sharing in Medicare, mainly by closing the Part D coverage gap known as the “donut hole.”

Next year, beneficiaries in the donut hole will receive 50 percent discounts on covered brand-name Part D prescription drugs and will have access to a number of recommended preventive services and annual wellness visits at no additional cost.

Read the HHS release on healthcare reform.

Read more coverage on Medicare beneficiaries:

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