BENEFITS:
Insurers Keep Big Picture Of 2008 Benefits Top Of Mind
Published on Tue Sep 18, 2007
Drug benefits are trending upward
Community pharmacists and consumer advocates are watching carefully as Medicare Part D rolls toward its third benefit year.
Here's how Medicare's drug benefit for 2008 stacks up to last year's version:
Initial deductible: Up, from $265 in 2007 to $275 in 2008
Initial coverage limit: Up, from $2,400 in 2007 to $2,510 in 2008
Out-of-pocket threshold: Up, from $3,850 in 2007 to $4,050 in 2008
Minimum cost-sharing in the catastrophic coverage portion of the benefit: Up slightly, from $2.15 for a generic or a preferred drug that is a multi-source drug and $5.35 for all other drugs in 2007 to $2.25 for generics and $5.60 for other drugs in 2008
Maximum co-payments below the out-of-pocket threshold for certain low-income full subsidy eligible enrollees: Up slightly, from $2.15 for generic or preferred drug that is a multi-source drug and $5.35 for all other drugs in 2007 to $2.25 for generics and $5.60 for other drugs in 2008.
Source: Centers for Medicare & Medicaid Services.