Medicare Prescription Drug Benefit



Similar documents
Medicare Part D: Presented by: Howard Houghton Virginia Insurance Counseling & Assistance Program (VICAP)

CHAPTER M20 EXTRA HELP - MEDICARE PART D LOW-INCOME SUBSIDY

Cost Sharing for Medicare Advantage Plans

Prescription Drug Plan Sponsors, Medicare Advantage Organizations, Cost Plans, and Demonstration Organizations

2015 Medicare Low-Income Subsidy (LIS), or Extra Help

Extra Help. Do you have Medicare? Do you live on a limited income? Do you need help to pay for your prescriptions?

2015 Medicare Part D Low-Income Subsidy (LIS) Income and Resource Standards

MEDICARE PART D PRESCRIPTION DRUG COVERAGE 2016

Increasing participation in the Medicare savings programs and the low-income drug subsidy. Joan Sokolovsky and Hannah Neprash November 8, 2007

Gale P. Arden, Director ~ Disabled and Elderly Healt~Programs Group. Medicaid Obligations for Cost-Sharing in Medicare Part C Plans

Prescription Drug Benefits Under Part D of the Medicare Modernization Act The Genie s Out of the Bottle

2014 Medicare Part D Low-Income Subsidy (LIS) Income and Resource Standards

Basic Reimbursement - Medicare Part D Specifics

Prescription Drug Coverage for Medicare Beneficiaries: A Summary of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003

The Medicare Drug Benefit (Part D)

Medicare Part D and the Low-Income Subsidy

The Medicare Low Income Subsidy (LIS)

Medicare Prescription Drug Benefit Manual Chapter 13 - Premium and Cost-Sharing Subsidies for Low-Income Individuals

Office of the Actuary

Dual Eligible and Low-Income Medicare Beneficiaries and Part D

Social Security/Medicare. Everything You Need to Know. But Didn t Know to Ask. For the. Colorado Bar Association

Help Paying for Your Medicare Costs

Medicare Part D Prescription Drug Coverage

Agenda. Medicare Overview Medicare Part B Drug Coverage Medicare Part D: How to Find and Compare Medicare Part D Plans Summary Provider Contacts

MEDICARE PART D: LET S REVIEW THE LOW INCOME SUBSIDY PROGRAM: February 2010

What is the Low Income Subsidy? Ginger Rogers Medicare Part D Disability Drug Benefit Helpline Disability Rights Wisconsin

Understanding Medicare Part D. Cynthia Tudor, Ph.D. Acting Director, Medicare Drug Benefit Group

RULES OF TENNESSEE DEPARTMENT OF FINANCE AND ADMINISTRATION BUREAU OF TENNCARE

Prescription Drug Coverage. Presented by: Medigap Part D & Prescription Drug Helpline Board on Aging & Long Term Care A Wisconsin SHIP

Significance of the Coverage Gap Under Medicare Part D

Get Ready! Get Set! Go! Medicare Part D in Minnesota

CHAPTER 9 THIRD PARTY LIABILITY AND COORDINATION OF BENEFITS

Faculty Alabama State Health Insurance Assistance Program and Medicare 101

Information for Individuals who Qualify for. Medicare Only

Part D payment system

CENTERS FOR MEDICARE & MEDICAID SERVICES. Cost

Financial assistance for low-income Medicare beneficiaries

Regulation of Medicare Part D Plans

New Medicare Prescription Drug Coverage: An Overview for Pharmacies in Oregon

Make Medicare Work Coalition (MMW Coalition)

By Christina Crain, MSW. Director of Programs

EXTRA HELP FOR MEDICARE PRESCRIPTION DRUG COSTS

National Training Program

On the next page are answers to some important questions that can help you during the Annual Open Enrollment.

Medicare Part D Prescription Drug Coverage

Medicare Part D. MMA establishes a standard Part D drug benefit, which consists of four components or phases.

Summary of benefits idaho, utah. Health Net orange prescription drug plan

UPREHS PRIME MEDICARE PART D PRESCRIPTION DRUG PLAN (EMPLOYER PDP) BENEFIT GUIDE

How To Get A Health Insurance Plan From Ctf

Guide to Choosing a Medicare Prescription Drug Plan in Connecticut

3How do I know what changes my plan is

What s Medicare? What are the different parts of Medicare?

0372 SPECIAL TREATMENT COVER GROUPS

Frequently Asked Questions: Medicare Savings Programs

Some individuals are dual eligible meaning they qualify for both Medicaid and Medicare. In


Medicare Part D Prescription Drug Coverage

First Health Part D Value Plus (PDP) offered by First Health Life & Health Insurance Company

Evidence of Coverage:

Medicare has four components, Part A, Part B Part C and Part D:

Medicare Part D Prescription Drug Coverage

GAO MEDICARE SAVINGS PROGRAMS. Implementation of Requirements Aimed at Increasing Enrollment. Report to Congressional Committees

Michigan Medicare/Medicaid Assistance Program (MMAP) MPCA - October 2015

Retiree prescription drug program: time to move to an Employer Group Waiver Plan (EGWP)?

Dual Eligibility in Pennsylvania: What Happens When I Am Newly Eligible for Medicare and Medicaid?

Medicare Made Clear. Helping your employees and volunteers understand Medicare.

Prescription Drug Plan (PDP)

Annual Notice of Changes for 2015

Medicare s Limited Income Newly Eligible Transition (NET) Program. Four Steps for Pharmacy Providers

2016 Evidence of Coverage for Passport Advantage

January 1 December 31, 2016 This is an important legal document. Please keep it in a safe place. Express Scripts Medicare Customer Service:

Transcription:

Medicare Prescription Drug Benefit Karen Tritz Overview Overview of new Medicare Prescription Drug Benefit The Timing and Process Implications for Working People with Disabilities Overview of Medicare Modernization Act (MMA) Passed December 2003 Public law 108-170 New voluntary prescription drug benefit, Medicare Part D Begins January 1, 2006 Eligibility The Choices Who is eligible for Part D Drug Benefit? Special rules for those dually eligible for Medicaid and Medicare. Private Prescription Drug Plans (PDP) 26 regions for Medicare managed care plans and 34 for separate PDP plans Approved by Centers for Medicare and Medicaid Services (CMS) 1

Drugs Covered Under the New Benefit Part D Covered Drugs Formulary (Standard or Alternative) CMS Process for Approval Appeals and Exceptions State decisions Enrollment in Drug Plan Enrollment occurs directly with the PDP Enrollment periods Automatic enrollment for full-benefit dual eligible beneficiaries in PDP Enrollment in Drug Plan What will it cost beneficiaries? Facilitated enrollment for Medicare Savings Program Groups (Qualified Medicare Beneficiaries, QMB; Specified Low-Income Beneficiaries, SLMB; and Qualified Individuals, QI-1s) It depends on which one of 5 groups the individual is in. Beneficiary spending on drugs counts only if it is for a drug on the PDP formulary or a non-formulary drug that has been granted an exception. Group 1: income >=150% Monthly premium: Varies. Estimated at $37/month $250 deductible Between $250.01 and $2250 in total drug costs, individual pays 25% of the cost Group 1: income >=150% Between $2250.01 and $5100 in total drug costs, beneficiary pays 100% of the cost Above $5100.01 and above in total drug costs, beneficiary pays 5% of the cost 2

Group 2: income between 135 and 150% - low assets Monthly premium, sliding scale up to $37 $50 deductible Coinsurance of 15 percent up to $5100 in total drug costs Group 2: income between 135 and 150% - low assets Co-pays of $2 or $5 once the out-ofpocket limit is reached Group 3: income < 135% & limited assets or dual eligibles with income above 100% FPL Copays of $2 or $5 - increases annually Group 3: income < 135% & limited assets or dual eligibles with income above 100% FPL No co-payments after the person s total drug costs of $5,100 in 2006, increases annually Includes SLMB and QI-1 Group 4: Dual eligibles income at or below 100% FPL Group 4: Dual eligibles income at or below 100% FPL Copays of $1 or $3 No co-payments after the person s total drug costs of $5,100 in 2006 Includes QMB 3

Group 5: Dual eligibles in long-term care facilities No co-payments Can others help beneficiaries with cost-sharing? Family or friend A qualified State Pharmacy Assistance Program (SPAP) A bona fide charity Can others help beneficiaries with cost-sharing? Transition for Dual Eligibles Except for payers above, payment by others does not count towards beneficiary s cost-sharing Differences between current Medicaid drug benefit and new Medicare benefit Comparability Types of Drugs Covered Cost of Drugs Transition for dual eligibles CMS criteria for reviewing formularies. Appeals and exceptions process to consider coverage of non-formulary drugs. Require appropriate transition policy for new enrollees. How can individuals get information about options? www.medicare.gov 1-800-Medicare Social Security Administration Offices State Health Insurance Assistance Programs (SHIP) (1200 offices nationwide) 4

How can individuals get information about options? Administration State Medicaid Offices Listserv at cms.hhs.gov called PART_D_COV_BENE_EDU Application for Low-Income Subsidy Separate from PDP enrollment process. Those automatically eligible (Duals, QMB, SLMB, QI-1s and SSI recipients). Administration Over the next 7 months Application for Low-Income Subsidy Process administered SSA and States. The states may use SSA application but will have to be able to make their own determination if requested. May 2005 SSA send letters low-income subsidy eligible July 2005 Beneficiaries can apply for low-income subsidy. Fall 2005 CMS notifies dual eligibles which plan they will be enrolled in if they don t choose a different one. Over the next 7 mos. Implications for Workers with Disabilities October 13, 2005 Compare prescription drug plans at www.medicare.gov November 15, 2005 Begin enrollment in prescription drug plans. January 2006 Medicare Part D Begins Changes in Medicaid Eligibility Status Medically Needy Changes in income and assets may affect the cost of the Part D benefit. 5