Medicare Part D Changes

Health Care Reform continues to generate good and bad news for consumers. The good news: in 2013 there is a provision for a Federal subsidy of 25% on brand name drugs. However, this subsidy is tempered by the continued increase in drug costs.

In 2011, brand name drugs will be discounted 50% when reaching the infamous “donut hole.” We are still unsure how the 50% discount on brand name drugs will be implemented. The “donut hole” gap is not scheduled to entirely close until 2018.

Burman S. Clark

Burman S. Clark

Burman S. Clark, RHU, CSA is the President of Muneris Benefits and a licensed insurance broker and consultant. His independent practice and focuses on employee benefits, individual life, disability, medical, and senior products. Burman has traveled extensively and provided guidance to large employer associations with regards to the Affordable Care Act.