You may have been hearing about the Medicare Part D Coverage Gap, which is also called the Donut Hole. The Donut Hole is when the cost of your prescriptions increases to a certain amount, typically $3,700 in 2017. In the past, you were responsible for covering all drug costs in the donut hole. Recent health reform has created discounts for when you reach the donut hole to help you cover drug and prescription costs.The 2017 Donut Hole discount is 60% for brand-name drugs (you pay 40%) and 49% for generic drugs (you pay 51%).
For more information, contact one of our Medicare advisors today at (614) 799-1403.