Groundhogs and Assistance with Prescription Drug Coverage

Posted February 2, 2017 Expert Tips, Insurance 101

Happy Groundhog Day!

If you’re a Pennsylvania native, you probably know about the two most famous groundhogs. One predicts when spring is coming, and the other is the mascot for the Pennsylvania Lottery.

What do the Lottery and a groundhog have to do with insurance?

The entertaining and lighthearted commercials promote an organization that does serious and beneficial work for senior citizens in Pennsylvania. Since 1971, 25%-30% of all Pennsylvania Lottery proceeds have been providing for senior programs, including rebates, transportation services, caregiver support, and more. According to Democratic chairman of the Pennsylvania House Appropriations Committee, Rep. Joseph Markosek, the Lottery has funded $27 billion worth of senior programs through June 2016. That’s a lot of scratch-offs and jackpot games!

The Lottery-funded senior program that piques our interest is the funding for Part D prescription drug assistance. In Pennsylvania, three prescription assistance programs are available to Medicare-eligible seniors: PACE, PACENET, and PACE Plus Medicare. The graphic (below) explains the differences between each program.

groundhog-post

Image Caption:

This Groundhog Day, we’re looking at how a groundhog has contributed to Medicare Part D. One groundhog represents the Pennsylvania Lottery, which funds prescription assistance programs to Pennsylvania seniors.

The Lottery-funded senior program that piques our interest is the funding for Part D prescription drug assistance. In Pennsylvania, three prescription assistance programs are available to Medicare-eligible seniors: PACE, PACENET, and PACE Plus Medicare. This graphic explains the differences between each program.