Institute:Office of National Coordinator (ONC) Workforce Training Curriculum
Component:Introduction to Health Care and Public Health in the U.S.
Unit:Financing Health Care - Part 1
Lecture:The Government as an Insurance Payor
Slide content:Medicare Part D Created in 2003 Prescription drug coverage Voluntary enrollment Pay premium to company approved by Medicare Patients pay deductible & co-payment After certain point, may pay up to 50% of drug costs themselves (doughnut hole) 13
Slide notes:Medicare Part D was created in 2003 and provides prescription drug coverage. Enrollment is voluntary, and enrollees pay a premium to an insurance company or other private company that is approved by Medicare . Enrollees also pay a deductible and co-payment. After a certain point, enrollees may have to pay up to fifty percent of their prescription drug costs themselves for a portion of the year. This controversial coverage gap in Medicare Part D, known as the doughnut hole, has been addressed in the Patient Protection and Affordable Care Act, passed in 2010. 13