Unshackle Seniors Act of 2004 - Amends part D (Voluntary Prescription Drug Benefit Program) of title XVIII (Medicare) of the Social Security Act to permit Medicare beneficiaries to purchase more than one prescription drug discount card.
Authorizes an individual to elect to disenroll from a prescription drug program, and receive a mandatory refund of the entire annual enrollment fee, if: (1) the individual is involuntarily disenrolled from the program for a reason that is not the individual's fault; (2) the negotiated price of a covered discount card program increases; or (3) the card sponsor changes the applicable formulary.