Catastrophic coverage is the third and final stage of prescription drug coverage under Medicare Part D. When you enter catastrophic coverage, Medicare covers all of your drug costs for the rest of the ...

America’s Health Insurance Plans has expressed support for the creation of a new, lower-cost catastrophic coverage option under the Patient Protection and Affordable Care Act. Consumers purchasing ...

As of Jan. 1, 2025, people with prescription drug coverage through Medicare Part D or a Medicare Advantage Plan have a $2,000 spending cap on out-of-pocket costs for prescriptions covered by their ...

Fact checked by James Lacy Key Takeaways Catastrophic health insurance is for when you have high medical costs and covers ...

The Centers for Medicare & Medicaid Services (CMS) announced on Thursday it will broaden access to catastrophic health coverage for 2026 through a new hardship exemption guidance, expected to roll out ...

Amidst the looming increase in health insurance premiums, the Centers for Medicare and Medicaid Services (CMS) and the Department of Health and Human Services (HHS) have announced a significant ...