Many low-income pensioners who received
For people under 65, the only criteria for assistance are income-based. Assets, such as your savings, investments, assets, etc. are not counted. Once you reach 65, assets are scrutinized and many lose their eligibility for assistance. The support limit was available if your assets of
All of that is about to change. Effective Friday, the asset limit will be increased to
“The prices of these two competing products have risen every year since they entered the market at a rate well in excess of inflation, with no significant drug improvements or apparent increases in production costs,” the lawmakers wrote.
In related news, CVS Caremark, the Prescription Benefits Manager (PBM), will return Eliquis to its Medicare formulary due to public outcry over the abandonment of many Medicare prescription plans. I’ve heard that it’s possible that one or both of these drugs will have a much reduced copayment once the 2023 Medicare Advantage plans are finalized. The recommendations are expected to be submitted to regulators in July.
Speaking of next year, I hope to announce in October that several plans will have lower costs on certain insulin medications.