1. Short title
This Act may be cited as the “Lower Drug Costs for Seniors During COVID-19 Act of 2020”.
Lower Drug Costs for Seniors During COVID-19 Act of 2020
A BILL
To amend title XVIII of the Social Security Act to provide for cost-spreading for certain fills and refills of drugs under part D of the Medicare program during the COVID-19 emergency.
2. Providing for cost-spreading for certain fills and refills of drugs under part D of the Medicare program during the COVID-19 emergency
In general— Section 1860D–4(b)(4) of the Social Security Act (42 U.S.C. 1395w–104(b)(4)) is amended by adding at the end the following new subparagraph:
“(C) Spreading cost sharing—The Secretary shall establish by guidance or otherwise a process under which a prescription drug plan or an MA–PD plan shall, in the case of a part D eligible individual that obtains in a single fill a total day supply (not to exceed a 90-day supply) of a covered part D drug pursuant to subparagraph (A), provide such individual with the option to make the coinsurance payment required under section 1860D–2(b)(2)(A) in the form of periodic installments during the period for which the fill is made.”
Conforming amendment— Section 1860D–2(b)(2)(A) of the Social Security Act (42 U.S.C. 1395w–102(b)(2)(A)) is amended by inserting “and section 1860D–4(b)(4)(C)” after “Subject to subparagraphs (C) and (D)”.