What is one of the main objectives of the Part D low-income subsidy program?

One of the main objectives of the Part D low-income subsidy program is to lessen the financial burden of prescription drugs on low-income beneficiaries. This program is specifically designed to assist those who qualify with reduced prescription drug costs, making necessary medications more affordable. The low-income subsidy helps by covering a portion of the monthly premiums, annual deductibles, and copayments for eligible individuals. This support is crucial in ensuring that low-income seniors and individuals with disabilities can access the medications they need without experiencing significant financial hardship. By focusing on reducing out-of-pocket costs, the program aims to improve access to necessary healthcare services and enhance the overall wellbeing of beneficiaries in this demographic.