Bill > S2911

This bill, the Seniors Prescription Drug Relief Act of 2019, amends the Social Security Act to provide a monthly out-of-pocket cost-sharing maximum for Medicare Part D enrollees who incur a significant portion of costs for covered prescription drugs towards the annual out-of-pocket spending threshold during a given month. The Centers for Medicare & Medicaid Services must determine what constitutes a "significant percentage" of the annual out-of-pocket spending threshold, which must be between 50% and 100%. This will allow these beneficiaries to pay down such costs in installments over the remaining plan year, rather than being required to pay the full amount upfront.

Budget and Finance

https://www.congress.gov/bill/116th-congress/senate-bill/2911/all-info