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Insurance Commissioner & Department of Insurance

2012 Standard Medicare Prescription Drug Benefit

Benefit Parameters
2011
2012
Deductible
$310.00
$320.00
Initial Coverage Limit
$2,840.00
$2,930.00
Out-of-Pocket Threshold
$4,550.00
$4,700.00
Total Covered Drug Spend at OOP Threshold
$6,447.50
$6,657.50
plus a 50%
brand discount

Minimum Cost-Sharing in
Catastrophic Coverage

$2.50/$6.30
$2.60/$6.50**
LIS Co-payments
2011
2012
Institutionalized
$0
$0
Up to or at 100% FPL
$1.10/$3.30
$1.10/$3.30
Other LIS
$2.50/$6.30
$2.60/$6.50
Partial LIS Deductible/Cost-Sharing
$63/15%
$65/15%

** The Catastrophic Coverage is the greater of 5% or the values shown in the chart above. In 2012, beneficiaries would be charged $2.60 for those generic or preferred multisource drugs with a retail price under $52 and 5% for those with a retail price greater than $52. As to Brand drugs, beneficiaries would pay $6.50 for those drugs with a retail price under $130 and 5% for those with a retail price over $130.

 

Last Updated: Thursday, 08-Dec-2011 15:53:56 EST
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