Yes, the law included changes that could save you money if you have very high prescription drug costs. If you are enrolled in a Medicare Part D plan and you have very high drug costs, the law helped to reduce the costs you pay when you reach a gap in coverage that is sometimes referred to as the “doughnut hole.” If your total drug costs are more than $4,430 in 2022, after that point you will pay 25% of the cost of your brand-name and generic drugs. After your out-of-pocket costs exceed $7,050 (in 2022) your share of drug costs is 5% for the rest of the year.
The law also included a requirement that people on Medicare with higher incomes pay a higher premium for Part D coverage. These higher premiums are paid by single beneficiaries enrolled in Part D plans with incomes greater than $88,000 and married couples with incomes greater than $176,000.