July 26, 2010
- In 2010, a $250 rebate for Medicare Part D prescription drugs was provided if your cost exceeded $2,700—that is, if you fall into the “donut hole.” This amount has increased each year and the donut hole will be completely closed by 2020
- All guaranteed Medicare benefits remain intact, and reforms help the program remain solvent for years to come
- 50% discount on brand-name drugs
- Co‐payments and deductibles eliminated for annual check-ups, preventive services and screening—such as mammograms and colonoscopies
- Investments in training more primary care providers, which will provide greater access to doctors
- Stronger incentives for hospitals to reduce avoidable, harmful re-admissions, reduce medical errors, and prevent acquired infections from medical settings
- Annual wellness visits allow you take steps to stay healthy
- Return to fairness as subsidies to Medicare Advantage plans reduced back in-line with traditional Medicare
- Advantage plans required to spend at least 85% of its revenue from premiums and subsidies on medical claims
- Medicare Advantage plans that meet certain quality standards will receive bonuses; this creates incentives to provide quality care
- Medicare Advantage plans cannot reduce basic, guaranteed Medicare benefits, but some extras—such as free eyeglasses and gym memberships—will likely be reduced
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