What Can $250 Do for Eligible Medicare Beneficiaries?

On August 16, 2010, in health care programs, by Health Care Provider

On Tuesday last week, U.S. Department of Health and Human Services Secretary Kathleen Sebelius announced that the third batch of $250 one-time rebate checks have been mailed out to eligible Medicare beneficiaries. This was shared in a press release posted on the website HealthCare.gov.

But what can this $250 check do? According to experts, more than 25 percent of Medicare Part D beneficiaries who hit the prescription drug coverage gap – or “donut hole” – end up discontinuing their drug treatment because they cannot afford the additional cost that they will have to shoulder. These one-time rebates can help keep seniors from choosing to stop medication, a decision that may prove to be harmful to their well-being.

Secretary Sebelius shared: “High prescription drugs costs are a problem for many seniors and other Medicare enrollees with limited incomes… These checks are an important first step in helping them afford the medications they need – and are evidence of how Americans are already seeing the very real benefits of the Affordable Care Act.”

These checks are just the first step towards the closing of the coverage gap, estimated to happen by 2020. Next year, Medicare Part D enrollees will be provided with a 50 percent discount on brand name medications.

Kathy Greenlee, assistant secretary for aging, shared: “Often, seniors reach the donut hole because they are on costly medications to help them manage chronic conditions such as high blood pressure or diabetes… These checks will help America’s seniors afford the medications they need to manage those illnesses, keeping them healthy and improving their quality of life.”

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