Some Low-Income Medicare Beneficiaries Could Qualify for $2.50 Generic Drugs

Medicare beneficiaries who qualify for the Medicare Low-Income Subsidy Program could be eligible this year to pay no more than $2.50 for generic drugs and $6.30 for brand name drugs, according to a CMS news release.

CMS estimates that more than 2 million people with Medicare may be eligible for the subsidy but are not enrolled. To qualify, Medicare beneficiaries must earn less than $16,335 per year (or $22,065 for married couples) and have resources such as bank accounts and stocks limited to $12,640 (or $25,260 for married couples), the release said. Resources do not, however, include a beneficiary's house, car or life insurance policy.

Read the CMS news release on Medicare prescription drug costs.

Related Articles on Prescription Drug Costs:

HHS, CMS: Monthly Medicare Prescription Premiums Will Not Increase in 2012
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Generic Prescriptions May Cause EMR Headaches

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