Increasing Medication Access for Seniors Act of 2024

Not later than March 31, 2026, and not less frequently than every year thereafter until March 31, 2031, the Secretary of Health and Human Services (in this section referred to as the Secretary) shall submit to Congress a report on the option to elect to pay cost-sharing under a prescription drug plan or MA–PD plan in monthly capped amounts under section 1860D–2(b)(2)(E)(i) of the Social Security Act (42 U.S.C. 1395w–102(b)(2)(E)(i)), including, with respect to the 1-year period ending on the date that is 1 year before the date on which the report is required to be submitted—

(1) the number of Medicare part D enrollees who made such an election during such period;

(2) an estimate of the number of Medicare part D enrollees who did not make such an election and incurred out-of-pocket costs with respect to covered part D drugs during such period that make it likely such enrollees may benefit from making such an election, as determined by the Secretary;

(3) a description of any steps taken by the Secretary during such period to implement a mechanism to allow a Medicare part D enrollee to make such election at the point-of-sale of a covered part D drug, including information on how such a mechanism may be made available for every Medicare part D enrollee;

(4) a description of each method used by the Secretary during such period to facilitate making such an election, including—

(A) the Medicare.gov website;

(B) the notice distributed pursuant to section 1804(a) of the Social Security Act (42 U.S.C. 1395b–2(a)) (commonly known as the Medicare & You handbook);

(C) the toll-free telephone number 1–800–MEDICARE; and

(D) resources for health care providers; and

(5) a description of any other outreach efforts the Secretary conducted with respect to such option during such period, including outreach to—

(A) health care provider associations and societies;

(B) patient and consumer advocacy groups that represent Medicare part D enrollees;

(C) pharmacy benefit managers;

(D) pharmacies; and

(E) health insurance providers.

In this section:

The term Medicare part D enrollee means an individual enrolled in a prescription drug plan or MA–PD plan under part D of title XVIII of the Social Security Act (42 U.S.C. 1395w–101 et seq.).

The terms covered part D drug, prescription drug plan, and MA–PD plan have the meanings given each such term in part D of title XVIII of the Social Security Act (42 U.S.C. 1395w–101 et seq.).