Bill > HR2340

This bill aims to improve Medicare Part D prescription drug coverage by automatically qualifying certain Medicaid beneficiaries for premium and cost-sharing subsidies. Specifically, the bill creates a new pathway for individuals who are currently enrolled in Medicaid (prior to turning 65) and have an income below 200% of the federal poverty line to be automatically considered eligible for Medicare Part D subsidies when they transition to Medicare at age 65. These subsidies help reduce out-of-pocket prescription drug costs for low-income seniors. The changes will take effect for Medicare plan years beginning on or after January 1, 2027, giving healthcare administrators and insurance providers time to implement the new automatic qualification process. By streamlining the enrollment process and expanding access to cost-reduction benefits, the bill seeks to make prescription medications more affordable for low-income older adults who are transitioning from Medicaid to Medicare.

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https://www.congress.gov/bill/119th-congress/house-bill/2340/all-info