Additionally, the cost of providing such catastrophic benefits
could be reduced through the addition of an early duration deductible that vanishes over time.
* It can have catastrophic benefits
that will pay out for cancer, heart attacks and strokes; life insurance can help even when you don't die.
"Because of the high cost of their drugs compared to the general public, I believe that transplant recipients and ESRD patients are more likely to experience the gap if they don't have a plan with gap coverage and will be more likely to access catastrophic benefits
," Witten explained.
Can employers head off these catastrophic benefits
Higher-income Medicare beneficiaries would be able to enroll in the plan for $25 a year and receive catastrophic benefits
that would cover all prescription costs over $3,300 a year.