Page Reviewed / Updated - Jan. 2016
The state of New Jersey offers two pharmaceutical assistance programs designed to help seniors with the cost of their prescription drugs. One’s income level determines if they are eligible for the Senior Gold program or the PAAD program.
The Senior Gold Prescription Discount Program, or Senior Gold for short, is a state pharmaceutical assistance program that helps low to middle income NJ seniors with their prescription drugs by paying up to 50% of their out-of-pocket costs.
The New Jersey Pharmaceutical Assistance to the Aged and Disabled Program, or PAAD for short is designed for those seniors with less income than the Senior Gold program. In addition to helping the elderly with the cost of their medications, PAAD provides assistance with co-payments and monthly premiums for Medicare Part D.
Both programs are designed to work collaboratively with a Medicare Part D plan and therefore enrollment in a Part D plan is a requirement. Part D serves as the primary payer and Senior Gold or PAAD as the secondary payer.
Senior Gold Program Eligibility
To be eligible for Senior Gold in 2016, NJ residents must:
PAAD Program Eligibility
To be eligible for PAAD in 2016, NJ residents must:
Senior Gold participants receive prescription assistance up to 50% of their out-of-pocket cost minus the $15 co-pay. If a participant’s annual prescription costs exceed $2,000 then Senior Gold will 100% of their cost over that amount. There are no costs to participate.
This program pays premiums, deductibles and assists individuals in the Medicare coverage gap. Co-payments $5 for generic drugs and $7 for brand name drugs. There are no costs to participate.