Summary: H.R.3626 — 107th Congress (2001-2002)All Information (Except Text)

There is one summary for H.R.3626. Bill summaries are authored by CRS.

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Introduced in House (01/24/2002)

Medicare Drug and Service Coverage Act of 2002 - Amends title XVIII (Medicare) of the Social Security Act (SSA) to add a new part D (Outpatient Prescription Drug Benefit Program), a voluntary prescription drug benefit program to provide eligible enrollees covered outpatient prescription drugs, covered medication preparation services, and covered medication therapy management services. Requires such an enrollee to be entitled to hospital insurance benefits under Medicare part A (Hospital Insurance) and enrolled in Medicare part B (Supplementary Medical Insurance).

Establishes within the Supplementary Medical Insurance Trust Fund the Prescription Drug Benefit Insurance Account for the payment of benefits under the program.

Makes program enrollees responsible for a $250 annual deductible and a co-payment for services for which payment may be made under the program.

Establishes a Medicare Prescription Drug Benefit Advisory Commission. Directs the Secretary of Health and Human Services, with the Commission's advice, to: (1) determine and promulgate a coinsurance amount that qualified beneficiaries pay with benefits covered under this program for the next calendar year; and (2) determine and promulgate a monthly premium.