The so-called Medicare donut hole is a coverage gap in the federal Medicare Part D prescription drug program. Under Medicare Part D, seniors who reach the initial coverage limit must pay out of pocket for their prescriptions until they reach the catastrophic coverage threshold. The donut hole refers to the period between when seniors reach the initial coverage limit and when they hit the catastrophic coverage threshold. During this time, seniors are responsible for paying 100% of the cost of their prescriptions.<\/p>\n
The good news is that seniors will get some relief from the donut hole. Thanks to the Affordable Care Act, Medicare recipients will receive a discount on their prescription drugs while in this hole. This means that instead of having to pay 100% of their prescription costs, they’ll only have to pay 25%. Additionally, Medicare Part D enrollees will no longer have to pay any deductibles or coinsurance for their prescription drugs. So if you’re a senior on Medicare, be sure to take advantage of these new benefits!<\/p>\n","protected":false},"excerpt":{"rendered":"
The so-called Medicare donut hole is a coverage gap in the federal Medicare Part D prescription drug program. Under Medicare Part D, seniors who reach the initial coverage limit must pay out of pocket for their prescriptions until they reach the catastrophic coverage threshold. The donut hole refers to the period between when seniors reach […]<\/p>\n","protected":false},"author":3,"featured_media":914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[],"yoast_head":"\n