What does the Part D Senior Savings Model aim to reduce for members?

The Part D Senior Savings Model is designed specifically to reduce the out-of-pocket costs for seniors on prescription medications. This model focuses on making medications more affordable through a structured benefit that includes predictable monthly premiums and reduced cost-sharing for insulin and other medications. By lowering the overall costs of medications, particularly for those with chronic conditions, the model aims to alleviate the financial burden on seniors, ensuring they have better access to the medications they need without excessive costs. This initiative aligns with the larger goals of improving healthcare access and affordability for older adults.

While monthly premiums, member enrollment fees, and copays for doctor visits might impact overall healthcare costs, the main focus of the Senior Savings Model is on reducing the costs of medications for members, as this directly addresses a critical need among the senior population.