EPIC Funding To Be Restored In Budget
Assemblyman Phil Goldfeder announced that he advocated and was successful in including $30 million in restorations to the Elderly Pharmaceutical Insurance Coverage (EPIC) program in the 2012-13 state budget (A.9056-D). This legislation restores co-payment assistance to the EPIC program’s 300,000 enrollees – including 27,000 Queens seniors.
“With the rising cost of living, many Southern Queens and Rockaway seniors on fixed incomes have a hard enough time putting food on the table, let alone affording the staggering cost of prescription drugs,” Goldfeder said. “Restoring EPIC funding in the state budget ensures that our seniors can afford these lifesaving drugs and receive the support they need during this difficult economic time.”
Currently, seniors enrolled in the EPIC program are expected to pay 25 percent of the cost of a prescription drug for each trip a senior makes to the pharmacy. Under this legislation, the EPIC program would return to allowing enrollees to pay no more than a $20 co-payment for each prescription drug, making the cost of medication more affordable for our seniors, add.
This new program is scheduled to begin January 1, 2013.
Under this new plan, seniors would go back to paying between $3 and $20 for each prescription they receive through their federal Medicare Part D benefit, instead of just 25 percent of the cost of the drug, noted Assemblyman Goldfeder.