In 2010, seniors who reached the $2,700 annual limit for prescription drug coverage and fell into the “doughnut hole,” received a $250 rebate. In 2011, the Medicare Part D “doughnut hole” will begin shrinking and by 2020 Medicare Part D participants will be responsible for 25 percent of their total prescription drug cost.
This according to National Academy of Elder Law Attorneys (NAELA) who released this information on the one year anniversary the signing of the Affordable Care Act (ACA). While some parts of the ACA have not yet taken effect and Congress may make additional changes, it is important to highlight a few sections of the ACA that have already taken effect and are providing senior citizens with a higher quality of health care.
Starting in 2011, seniors will receive an annual wellness checkup from their doctor at no charge, and deductibles and coinsurance are eliminated for certain preventive services. The ACA will also expand Medicaid in order to help more people obtain quality, affordable care.
There is much more to the act and seniors who may feel overwhelmed by the new health care law and the changes to Medicare, should consider contacting an Elder Law attorney to help them make informed decisions. Concerns about long-term care options can also be discussed with an Elder Law attorney who can help them navigate through the red tape and explain all of their options.
A listing of Elder Law attorneys who are members of NAELA can be found at www.naela.com.