News About Diabetes-Related Meds

June 22, 2020

 

 

Good morning, 

 

I hope all are safe and sane in these crazy times. 

 

I do not know if you heard, but Medicare has announced a reduction in cost for Insulin and Diabetes related medications.

 

The plans will have a maximum $35.00 copay for a 30 day supply for insureds up to the dreaded donut hole. They have not determined the donut hole threshold for 2021, as of yet.

 

This is great news, as over 3 million people on Medicare are currently taking some form of insulin to manage their diabetes. 

 

The following manufacturers are participating in the cost reduction:

 

● Eli Lilly and Company 

● Novo Nordisk, Inc. and Novo Nordisk Pharma,     Inc. 

● Sanofi-Aventis U.S. LLC 

 

Here is an up to date list of medications that will qualify for a maximum payment of $35.00:

 

https://innovation.cms.gov/files/x/partd-seniordav-ndclist.pdf 

 

Here is the link to CMS.gov to explain everything, please keep in mind it is a government entity so they do not get right to the point:

 

https://innovation.cms.gov/innovation-models/part-d-savings-model 

 

Please give us a call if you have any questions or if you are interested in having a conversation about your options and coverage. 

 

As always, do something nice for someone just because. 

 

 

All the best,

 

 

Randall J. Lawson

Owner/Agent

The HgO Group

(888) 449-4863 Office

randy@thehgogroup.com

thehgogroup.com

National Producer Number #9276045

 

 

 

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