Wednesday, September 08, 2010
 
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 SPDAP Subsidy
Premium Subsidy
 
  • SPDAP will pay up to $25.00 per month for a member’s Medicare Rx prescription drug plan premium, as long as the individual is enrolled in an approved Medicare prescription drug plan or a Medicare Advantage prescription drug plan. There are 91 different prescription benefit plans and Medicare Advantage drug plan options from which to choose. A complete list of Stand Alone Plans may be found here. Follow this link for a complete list of Medicare Advantage Plans. 
Coverage Gap (Doughnut Hole) Subsidy
 
  • SPDAP will pay a subsidy up to $1,200 per year for members incurring costs while in the coverage gap or "doughnut hole" if the member is enrolled in a Medicare Part D plan or Medicare Advantage plan that has agreed to administer the gap subsidy. To take advantage of the "doughnut hole" subsidy, a member must be enrolled in one of the 22 participating plans that has agreed to offer it. For a complete list of participating plans, click here. Individuals who are enrolled in these plans are also eligible for the premium subsidy.
  


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