High impact
Senior Services News Vol. 12, No. 01
New Jersey Medicaid·Effective Aug 1, 2009
Effective August 1, 2009, the PAAD and Senior Gold prescription programs will no longer cover Medicare Part D-excluded drugs (except benzodiazepines and barbiturates), including erectile dysfunction treatments, cosmetic drugs, cough/cold products, and vitamins. Additionally, PAAD/SG will only provide wrap-around coverage for Medicare Part D formulary medications; beneficiaries must switch to formulary drugs or obtain a formulary exception. Drug reimbursement is now calculated as the lower of AWP minus 16% or the MAC price.