Catastrophic coverage is the third and final stage of prescription drug coverage under Medicare Part D. When you enter catastrophic coverage, Medicare covers all of your drug costs for the rest of the ...

America’s Health Insurance Plans has expressed support for the creation of a new, lower-cost catastrophic coverage option under the Patient Protection and Affordable Care Act. Consumers purchasing ...

Nearly 3 million enrollees in Medicare Part D spent above the catastrophic threshold at least once over a five-year period, according to a new study that comes as Congress is debating installing a ...

As of Jan. 1, 2025, people with prescription drug coverage through Medicare Part D or a Medicare Advantage Plan have a $2,000 spending cap on out-of-pocket costs for prescriptions covered by their ...

WASHINGTON, Jan. 11-- Rep. Adam B. Schiff, D-California, issued the following news release on Jan. 10, 2024: Today, Representative Adam Schiff (D-Calif.) introduced the Incorporating National Support ...

Amidst the looming increase in health insurance premiums, the Centers for Medicare and Medicaid Services (CMS) and the Department of Health and Human Services (HHS) have announced a significant ...

Fact checked by James Lacy Key Takeaways Catastrophic health insurance is for when you have high medical costs and covers ...

After spending $2,000 out-of-pocket on prescription drugs in 2025, Medicare Part D beneficiaries enter the catastrophic coverage phase, where they pay nothing for covered prescriptions for the rest of ...