Territories Medicare Prescription Drug Assistance Equity Act of 2015

Territories Medicare Prescription Drug Assistance Equity Act of 2015

This bill amends titles XVIII (Medicare) and XIX (Medicaid) of the Social Security Act to make certain subsidies available to Medicare prescription drug program beneficiaries who reside in Puerto Rico or another U.S. territory. Current law makes such beneficiaries ineligible for premium and cost-sharing subsidies, but establishes a process for U.S. territories to apply for financial assistance with respect to the provision of Medicare prescription drugs. The bill eliminates this process and makes the subsidies available to beneficiaries who reside in a U.S. territory and are otherwise eligible.