Can you give me an overview of what the Coverage Gap Discount Program about?
As of January 1, 2011, the Affordable Care Act went into effect. The Act makes provisions to reduce cost-sharing in the coverage gap for beneficiaries who are not eligible for low-income related subsidy and not enrolled in a qualified retiree prescription drug plan. The Coverage Gap Discount Program provides discounts to Medicare beneficiaries receiving applicable Part D drugs. It also provides Drug Manufacturers to pay a 50% discount on the negotiated price for applicable drugs.
Last Updated: 04/22/2014