Part D Donut Hole is Closed, But Does That Mean It’s Going Away?
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Rosanna (68) takes more than a dozen medications regularly to treat high blood pressure, heart disease, acid reflux, and other chronic problems. She signed up for Medicare Part D prescription drug coverage a few years ago, hoping to keep her costs down as much as possible. She knew then that there would be no avoiding the “donut hole,” where she would have to pay more out-of-pocket (OOP) for the cost of her
prescriptions until she reached the yearly limit. Once she spent up to the yearly limit, her coverage gap ended and her drug plan helped pay for covered drugs again.
This year, big changes are coming for the Medicare donut hole as the U.S. Congress attempts to close the coverage gap. What are these changes and how may they affect you? Before we answer that question, let’s examine some ways to reduce your prescription costs.
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