How the Medicare Part D Coverage Gap (“Donut Hole”) Works (infographic)
The Medicare Part D coverage gap, also known as the “donut hole,” is a temporary limit on what your Medicare Part D Prescription Drug Plan pays for covered prescription drugs. While in the coverage gap, you’ll pay a higher share of out-of-pocket costs for these medications.
You enter the coverage gap once you and your Medicare Part D Prescription Drug Plan have spent a certa...
Medicare Part D: An Overview of Medicare Prescription Drug Coverage
If you’re already enrolled in Original Medicare or a Medicare Advantage plan, you may already be familiar with Medicare Part A (hospital coverage) and Part B (medical coverage). But you may still be wondering how prescription drug coverage works and how you can get help with the costs of your medications. The answer depends in part with how you’re currently getting y...
How Medicare Part D Covers Prescription Drugs
Medicare Part D is prescription drug coverage offered through Medicare-approved private insurance companies.
If you have Original Medicare, you can get drug coverage through a stand-alone Medicare Prescription Drug Plan that works alongside your Part A and Part B coverage. You can also get this coverage through a Medicare Advantage Prescription Drug plan. Medicare plans that cover prescription drugs may vary when it ...