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Starting Jan. 1, millions of Americans who get their prescription drugs through Medicare could get a major financial break when a $2,000 out-of-pocket spending cap on medications goes into effect.
In 2021, more than 1.5 million seniors spent over $2,000 on prescription drug costs, with 12% of those spending more than $5,000 on their medications during the year. There's a new payment plan ...
She co-wrote an analysis that found about 1.5 million people on Medicare had out-of-pocket prescription drug costs exceeding $2,000 in 2021 and would have benefited from the cap. Of the 1.5 ...
As of January 1, 2021, if you take insulin, your insulin could cost $35 or less for a 30-day supply. Use Medicare’s find a plan tool to compare Medicare Part D plans and insulin costs in your ...
For instance, Cost Plus charges $5.60 for a metformin tablet (a generic diabetes pill), vs. about $20 at other pharmacies. The generic for the cholesterol drug Zetia costs $6.80 per tablet ...
2. $2,000 cap on out-of-pocket prescription drug costs. In happier news, President Joe Biden passed a law limiting out-of-pocket prescription drug costs to just $2,000 annually for Medicare ...
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