I read a Medicare Rights Center blog post by Mitchell Clark regarding that there isn't a maximum spending limit for Part D prescription drugs for many people! The statistics in the article were surprising to me, and not in a good way.
"According to a new issue brief by the Kaiser Family Foundation (KFF), one million people with Medicare Part D had drug costs above the catastrophic limit in 2015. On average, they spent $1,251 after they hit the catastrophic limit and more than $3,000 total on their prescriptions for the year.
While Part D helps bring down the drug costs for people with Part D, many are still exposed to high drug costs. This is because Part D does not place a cap on how much people can spend out of pocket on their drugs.”1
To read the entire article, click on the web link below:
https://blog.medicarerights.org/many-medicare-part-d-theres-no-limit-can-spend-prescriptions/
1. Source: Medicare Rights Center Blog
https://blog.medicarerights.org/many-medicare-part-d-theres-no-limit-can-spend-prescriptions/
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