What’s New for Medicare and MedicaidThe Patient Protection and Affordable Care Act will close the Medicare Part D coverage
gap and provide a $250 rebate to seniors who reach the gap by 2010. Seniors can also take advantage of a 50 percent discount on brand name medications beginning in 2011.
Medicaid will expand to include 133 percent of the federal poverty level, or $29,327 for a family of four. States will be required to extend Medicaid coverage to childless adults beginning in 2014. The federal government will pay 100 percent of coverage costs for newly eligible individuals through 2016.