Medicare beneficiaries who qualify for the Medicare Low-Income Subsidy Program could be eligible this year to pay no more than $2.50 for generic drugs and $6.30 for brand name drugs, according to a CMS news release.
CMS estimates that more than 2 million people with Medicare may be eligible for the subsidy but are not enrolled. To qualify, Medicare beneficiaries must earn less than $16,335 per year (or $22,065 for married couples) and have resources such as bank accounts and stocks limited to $12,640 (or $25,260 for married couples), the release said. Resources do not, however, include a beneficiary's house, car or life insurance policy.
Read the CMS news release on Medicare prescription drug costs.
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CMS estimates that more than 2 million people with Medicare may be eligible for the subsidy but are not enrolled. To qualify, Medicare beneficiaries must earn less than $16,335 per year (or $22,065 for married couples) and have resources such as bank accounts and stocks limited to $12,640 (or $25,260 for married couples), the release said. Resources do not, however, include a beneficiary's house, car or life insurance policy.
Read the CMS news release on Medicare prescription drug costs.
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