What is the Tiered System of Copays in Medicare Part D Drug Coverage?
Medicare Part D drug plans use a tiered copay system to manage costs for both the plan and beneficiaries. This system charges lower copayments for less expensive drugs and higher copays for costlier medications, encouraging the use of generic and lower-cost alternatives. The typical structure includes four tiers. Tier 1 has the lowest copay and […]
A New Option for Long-Term Care Costs
Kelly Haggett figures that a mandatory surcharge added to Washington state’s payroll tax cost her about $500 last year. But she doesn’t really mind. “On a scale of 1 to 10 of my annoyance with taxes in general, this one is about a 2,” she said. “I see the benefits.” The small surcharge on wages […]