The Affordable Healthcare Act signed into law by President Obama has benefits for the entire nation. But especially for our most vulnerable citizens, the seniors.
- Under the health care law, your existing guaranteed Medicare-covered benefits won’t be reduced or taken away. Neither will your ability to choose your own doctor.
- Nearly 4 million people with Medicare received cost reliefduring the law’s first year. If you had Medicare prescription drug coverage and had to pay for your drugs in the coverage gap known as the “donut hole,” you received a one-time, tax free $250 rebate from Medicare to help pay for your prescriptions.
- If you have high prescription drug costs that put you in the donut hole, you now get a 50% discount on covered brand-name drugs while you’re in the donut hole. Between today and 2020, you’ll get continuous Medicare coverage for your prescription drugs. The donut hole will be closed completely by 2020.
- Medicare covers certain preventive services without charging you the Part B coinsurance or deductible. You will also be offered a free annual wellness exam.
- The life of the Medicare Trust Fund will be extended as a result of reducing waste, fraud and abuse, and slowing cost growth in Medicare, which will provide you with future cost savings on your premiums and coinsurance.
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