S. 2911 · 116th Congress
Seniors Prescription Drug Relief Act of 2019
- Stage
- In committee
- Sponsor
- Bill Cassidy
- Introduced
- 2019-11-20
- Latest action
- 2019-11-20 · Introduced in Senate
Summary
Seniors Prescription Drug Relief Act of 2019
This bill allows beneficiaries whose monthly costs under the Medicare prescription drug benefit equal or exceed a significant percentage of the annual out-of-pocket spending threshold to pay down such costs in installments over the course of the remaining plan year. The Centers for Medicare & Medicaid Services must determine what constitutes a significant percentage; however, such percentage must be between 50% and 100%.