A New Law Limits What Medicare Enrollees Pay for Prescription Drugs. Here's How It Might Cost Them.
One of the biggest misconceptions about Medicare is that coverage under it is free. Not only do enrollees pay a premium for Medicare coverage (aside from Part A, which is usually free), but they're required to meet deductibles and cover the cost of copays for things like prescription drugs.
Now the good news is that a new law is set to take effect that should limit the extent to which seniors have to pay out of pocket for prescription drugs. The bad news is that what they might save on the cost of medication, they could wind up paying anyway in the form of higher Medicare Part D drug plan premiums.
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Source Fool.com
