(Undated)– A new report from A-A-R-P Iowa predicts thousands of seniors on Medicare ‘Part D’ in the state will save money on their prescriptions, thanks to a cap on out-of-pocket expenses set to take effect next year. The limit is part of the Inflation Reduction Act.
The report says more than 27-thousand Iowans will see their annual out-of-pocket prescription drug costs capped at two-thousand dollars. A-A-R-P Iowa’s Advocacy Manager Paige Yontz says right now, some Iowa seniors are forced to use cost-coping strategies – like not filling a prescription or skipping doses – to save money…
Yontz says the cost of prescription medications is among the biggest concerns Iowa seniors face. She adds the cap will provide some cost certainty for a vulnerable segment of the population…
The cap on prescription drug costs takes effect the first of next year.
