50% Discount on Part D Brand Name Drugs Continues for 2012; 14% Discount on Generics
Starting January 1, 2012, beneficiaries who reach the Part D coverage gap continue to have a 50% discount on their brand name drugs; their generic drug discount will double to 14%, up from 7% in 2011.
Prescription Drugs (Medicare Part D)
Medicare Part D is an optional prescription drug insurance program available to everyone who has Medicare, regardless of income or health status. Private companies provide the insurance coverage, you choose the drug plan and pay a monthly premium. We've compiled information on this drug benefit, resources for choosing a plan and financial assistance to help cover drug costs for qualified beneficiaries.
In this section:
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Prescription Drug Coverage: An Overview
Medicare Part D prescription drug benefit, its coverage and the types of plans offering this coverage. -
Enrollment in Medicare Part D
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Extra Help with Part D Costs for People with Low Income
Medicare's "Extra Help" program, also known as the Low-Income Subsidy (LIS) program, assists those who qualify to cover the cost of their Part D drug plan premiums, deductibles and copayments. - How to Qualify for Extra Help with Part D Costs
- How to Apply for Extra Help with Part D Costs
- Benchmark Prescription Drug Plans
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Resources
Information about choosing a Part D plan and saving money on prescription drugs, tips on finding a Part D plan that best meets your needs and cost-saving strategies.
Updated Nov 8, 2011