Legislation Intends to Limit Out-of-Pocket Medicare Costs
In a move that would help level the playing field between Traditional Medicare and Medicare Advantage, 15 U.S. Senators have joined in supporting S.4886, the Medicare Cost Cap Act of 2026, intended to “protect against high out-of-pocket expenditures for Medicare fee-for-service benefits.” Sen. Kirsten Gillibrand, D-NY, ranking member of the Senate Aging Committee, highlighted the scope of this bill in a recent statement, “The Medicare Cost Cap Act will lower out-of-pocket costs for seniors with Medicare and ensure that no one is pushed into financial ruin by a single health emergency.” With over half of Traditional Medicare patients expected to exceed the $5,000 cap at least once in a 10-year projection period, the cost ceiling would present significant savings. For a recap of Sen. Gillibrand’s comments on the bill, click here…