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The first version of SCRIPT was approved in 1997. Version 8.1 was proposed as a federal rule by the Centers for Medicare and Medicaid Services (CMS) in November 2007 and adopted in 2008, thereby mandating its use for medical providers that used electronic subscriptions, in order to obtain federal insurance reimbursement. [1]
The health research group KFF estimates that 5 million Medicare beneficiaries with Part D plans had out-of-pocket prescription drug costs of $2,000 or more in at least one year between 2012 and 2021.
Package inserts for prescription drugs often include a separate document called a "patient package insert" with information written in plain language intended for the end-user—the person who will take the drug or give the drug to another person, such as a minor. Inserts for over-the-counter medications are also written plainly. [1] [2]
Part D sponsors may also offer plans that differ from the standard benefit, provided that these alternative benefit structures do not result in higher average cost-sharing. In practice, most enrollees do not elect for standard benefit plans, instead opting for plans without deductibles and with tiered drug co-payments rather than coinsurance. [8]
Taking the time to figure out which plan is right is vitally important for the 53 million Medicare beneficiaries with prescription drug coverage.
A Medicare Prescription Drug plan (PDP) is an insurance policy that covers take-home medications that a doctor has prescribed. However, out-of-pocket costs usually apply. PDPs are also known as ...