Sunday, August 5, 2012

What is the Medicare Part D "doughnut hole?"

The Medicare Part D coverage gap, often referred to as the "doughnut hole," is the period of time during the coverage year (Jan - Dec) when you are responsible for paying all drug costs out-of-pocket.  When you fall into this doughnut hole, you are responsible for the full cost of prescription drugs plus you must continue to pay your Part D premium even though you are not receiving the benefits!

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