Wednesday, August 4, 2010

CMS Keeps Filling In the Part D Donut Hole

CMS has taken another crucial step in its efforts to close the Medicare Part D "donut hole." They've released a drug maker agreement that will make manufacturer discounts available to eligible Medicare beneficiaries.

Under the agreement, manufacturers must sign an agreement with CMS that states they will provide a discount on all of its applicable products, such as prescriptions drugs. Beginning in 2011, only drugs that are covered under a signed manufacturer agreement will be covered under Medicare Part D.

This is the second step that CMS has taken to assist beneficiaries who fall into the Medicare Part D payment gap. Earlier this year, they began sending $250 relief checks to eligible recipients.

To learn more, click here.

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