Holzapfel Bill to Help Seniors with Prescription Drug Costs Signed into Law

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Legislation co-sponsored by Senator Jim Holzapfel to allow more seniors and residents with disabilities to qualify for assistance with prescription drug costs has been signed into law. The 10th District Legislator believes this law will ease the financial burdens of residents as prescription drug costs and inflation are on the rise.

“The rise in prescription drug costs has weighed heavily on our senior residents who live on fixed incomes and cannot afford to live without their medications,” stated Senator Holzapfel. “We don’t want our residents to have to make the tough decision of paying for their prescription drugs or paying the electric bill this month. Now that this legislation is law it will provide much needed aid to our most vulnerable residents.”

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The bill, A-5520/S-3633, increases the income eligibility limits for PAAD program and Senior Gold Prescription Discount Program by $10,000. For PAAD the limit would be increased to $38,769 for individuals and $45,270 for married couples. Senior Gold would rise to $48,769 for individuals and $55,270 for married couples.

“The swift passage of this legislation ensures that 20,000 more residents can benefit from the changes made to this program,” said Senator Holzapfel. “As prescription drugs and the cost of living in New Jersey continues to rise, this law will provide some relief for those financially struggling.”