New Medicare Plan Doughnut Hole to Affect Seriously Ill Seniors
Prescription Drug Plan
The new Medicare plan aims to lower the personal cost of prescription medications to many older adults. Research published in the Journal of the American Geriatrics Society found that for those patients with more serious illnesses, the out of pocket costs for those medications will still be high. The more advanced drugs used to treat these diseases are far more expensive and often elevate the patient into the "doughnut hole" range of no coverage.
The standard benefit design calls for each beneficiary to pay for 100% of drug expenses between $2,250 and $5,100. A serious illness such as diabetes mellitus effects 20% of older adults