FY08 Funding for Prescription Advantage

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The fiscal year 2008 budget included over $60.5 million to fund Prescription Advantage. This funding level for Prescription Advantage is based on Medicare Part D providing the primary prescription drug coverage for most of the program’s members and Prescription Advantage providing supplemental assistance with Part D premiums, co-payments, deductibles and coverage gaps. Prescription Advantage will continue to provide primary coverage for members not eligible for Medicare.
Please note: The legislation which funds Prescription Advantage requires the Executive Office of Elder Affairs to operate the program within its appropriation for the current fiscal year; thus, during the course of the year, the Plan may be required to impose cost containment measures”.