Changes to Ontario Drug Benefit (ODB)
As announced in the 2012 Ontario Budget, high-income seniors will pay a greater share of their drug costs starting August 1, 2014.
This change is expected to affect about 5% of the senior Ontario Drug Benefit recipients. It is estimated that 75,000 seniors will pay an average of $665 more per year toward their prescription drugs covered under the plan.
Under the new plan, single seniors with an income greater than $100,000 will pay a deductible of $100 plus 3% of their income. For couples with an income above $160,000, the deductible will be $200 per couple plus 3% of the family income. Those seniors will continue to pay a co-payment of $6.11 per prescription after the deductible amount.
The changes will not increase drug costs for seniors with net incomes below the $100,000 or $160,000 thresholds who already get drug benefits.
Any further information made available prior to August 1 will be shared.