GERO 200 Lecture Notes - Lecture 19: Medicare Part D, Doughnut, Patient Protection And Affordable Care Act
Document Summary
Once you hit your limit you have to pay the rest. Part d coverage under the affordable care act (2010) Beginning in 2014, increasing coverage of rx drug costs in donut hole. By 2020, the donut hole for generic drug costs will be eliminated. Over 20 million older adults are enrolled in medicare part d. Policies sold by private insurance companies to cover gaps in medicare part a and part. 1992: medigap policies rated from a (basic core coverage) to j (most comprehensive coverage) Pay for doctor"s visits, prescription drugs, short-term custodial care. Expands coverage for americans age 18-65 by requiring private insurance by 2014. Long-term care: supportive services for first 100 days then you pay full price. Ex: nursing homes, assisted living, in-home care. Medicare does not pay for long-term care. Average annual cost is ,000 a year. Older adults and their families are the largest source of payment in the us.
