Inflation Reduction Act 2024 Income Limits For Seniors

Inflation Reduction Act 2024 Income Limits For Seniors. It makes health care more accessible, equitable, and affordable by lowering what medicare spends for prescription drugs and limiting increases in prices. Requiring rebates from drug companies if their prices increase faster.

Starting january 2024, the inflation reduction act expanded the program to cover more drug costs for people with limited resources: In 2024, cms estimates that individuals making above four times poverty in healthcare.gov states save an average of $4,248 annually due to the inflation.