Biden-Harris Administration Unveils Medicare Prescription Drug Cost Guidance Plan
Gradual Payment Option for Prescriptions Revealed – Game-Changing Medicare Initiative
According to U.S Department of Health and Human Services, the Biden-Harris Administration has taken a big step to help Medicare beneficiaries deal with expensive prescription drugs. They’ve put out the final rules for the Medicare Prescription Drug Cost Guidance Plan under the Inflation Reduction Act. Medicare Part D users can choose to pay for their prescriptions gradually over the year instead of all at once at the pharmacy starting in 2025. These rules by the Centers for Medicare & Medicaid Services (CMS) were released to make sure Medicare plans can set up the new program smoothly.
Biden-Harris Administration’s Prescription Drug Cost Guidance – Unlocking Medicare Benefits! (PHOTO: ABC News)
READ ALSO: $7,430 Child Tax Credit Timeline For Families – Are You Eligible?
Biden-Harris Administration Prioritizes Affordable Medication Access for Medicare Beneficiaries
Secretary Xavier Becerra of Health and Human Services Secretary emphasized how important this is for seniors and people with disabilities who rely on Medicare for their meds. President Biden aims to make it easier for Americans to afford important medicines by their drug cost guidance. By spreading out drug cost guidance the administration hopes to help those who struggle with high upfront drug costs early in the year. CMS Administrator Chiquita Brooks-LaSure highlighted CMS‘s dedication to making sure the Inflation Reduction Act works well. The administration wants to support Medicare users better and make sure they can get their medicines without breaking the bank.
READ ALSO: Preparing For Potential Stimulus Payments In February 2024
