One More Medicare Minute – Medicare Part D, the “Donut Hole” and Getting Help

One More Medicare Minute – Medicare Part D, the “Donut Hole” and Getting Help

During the month of August, we have tried to cover the subject of Medicare in little bite-sized bits. One at a time, we went over the Parts of Medicare, Original Medicare and Advantage Plans (also called “Part C”). Today’s Medicare Minute covers Part D, the prescription drug coverage plans available. At first glance, seniors might think this is a straight-forward subject, but it is not! For many seniors, Part D is the cause of confusion, worry and expense, sometimes considerable expense. There are hundreds of Medicare Part D plans, each with its own formulary (a list of covered drugs), copays, deductibles and “tiers” of coverage. In addition, Part D still includes the famous coverage gap or “donut hole” you have probably heard about. Here is the good news, any one of several OurSeniors.net Family Partners or Approved Vendors can be a great help in choosing the best Part D plan for your situation. As you will see, this can vary widely from...
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