Washington D.C.–(HISPANIC PR WIRE)–November 18, 2003–Low-income senior citizens will be getting a much-needed, immediate helping hand under the Bipartisan Medicare Plan set to pass Congress later this week. The legislation strengthens Medicare with a prescription drug benefit and will provide additional assistance to America’s most needy seniors who do not have prescription drug coverage and do not qualify for Medicaid.
Under the Bipartisan Medicare Plan, an annual, upfront cash credit of $600 will be available to impoverished seniors to help them purchase pharmaceutical medications in 2004 and 2005. The cash credit will join the Prescription Drug Discount Card that will be available to all participating senior citizens in 2004-2005, no matter one’s income level. According to the Department of Health & Human Services, seniors will immediately save up to 25% off their current prescription drug bills. Low-income seniors will simply present their discount card at the local pharmacy and will receive both the cash credit and drug discount in the same swipe when they purchase medicine.
“We’ve got to provide benefits to those who need it most. Strengthening Medicare with pharmaceutical coverage would not be complete without including initiatives to help those who can least afford it. Every American deserves access to better, safer, and more efficient health care,” remarked Speaker Dennis Hastert (R-IL)
In 2006, the full prescription drug benefit kicks in, and, for low-income seniors (singles under $12,900 a year & couples under $16,600), will provide seamless, comprehensive coverage with no gaps and only a $2 generic and $5 name-brand prescription co-payment.
Pete Jeffries or John Feehery,