What is the new Medicare prescription drug discount card?
As of May 1, 2004, Medicare recipients will be able to purchase a prescription drug discount card for no more than $30. If you qualify for “low income assistance” that fee will be waived. Private companies, insurance companies and pharmaceutical companies will be offering these discount prescription cards which are certified by Medicare. Cards will vary. Some may offer discounts for certain drugs at certain pharmacies in certain locations and others may offer better discounts for people with low income. The card is strictly voluntary, but those who already have prescription drug coverage and are receiving discounts of 10-25% on their medications will not necessarily benefit from the card (unless you qualify for “low-income benefits.” See below: Is there one standard drug discount card? No, there will be several cards for Medicare recipients to choose from . You can only choose one card that is Medicare endorsed. You can, however, have other cards (such as pharmaceutical company cards)
