Albany, NY - Assemblymember Robert Carroll (D/WF-44) today announced that Governor Hochul signed his bill, A928-A / S3483, which ensures that seniors who receive benefits helping to cover the cost of prescription drugs through the State's EPIC program, won't lose these benefits in the coming year because their income exceeds the eligibility thresholdas a result of cost of living adjustments to their social security or public or private pensions.
"With expenses for basic needs going higher and higher, we need to do everything we can to protect seniors on fixed incomes," said Assemblymember Carroll. "No seniors should have to pay more out of pocket for prescription drugs because of increases in social security or their pensions to which they are entitled. Social security payments are set to increase in 2023 by 8.7% - the highest adjustment in forty years – so this legislation is particularly timely."
EPIC (Elderly Pharmaceutical Insurance Coverage) helps more than 330,000 income-eligible New Yorkers aged 65 and older supplement their out-of-pocket Medicare Part D drug plan.