Frequently Asked Questions about Catastrophic Coverage

Jul, 25 2022 — Medicare Part D Catastrophic Coverage is the fourth and final part of your Medicare Part D prescription drug plan coverage and is designed to help reduce the out-of-pocket spending for people with hig . . .

May, 20 2022 — Yes.  You can estimate if - or when - you will enter Catastrophic Coverage based on your average monthly retail drug cost (only the retail price for your formulary drugs). For example, if you . . .

Feb, 05 2022 — No, but you can choose a plan with lower retail drug prices.  Catastrophic Coverage cost-sharing is the same for all Medicare Part D plans - but, Medicare plans will have different retail drug . . .

May, 20 2022 — Most likely, yes.   Usually Catastrophic Coverage drug costs increase year-to-year. In the Catastrophic Coverage phase, you will pay the greater of either 5% of the formulary drug's nego . . .

Mar, 14 2022 — What you pay in Catastrophic Coverage depends in your level of Extra Help.  If you are qualified for Medicare Part D Extra Help or the Low-Income Subsidy (LIS), you may have either full or partia . . .

Feb, 07 2022 — The federal government (i.e. tax payers) pays 80% of the retail drug cost, the Medicare Part D plan pays 15%, and the Medicare plan Member pays around 5% of the formulary drug's retail cost.

Mar, 13 2022 — You enter the Medicare Part D Donut Hole when the retail cost of your formulary drug purchases exceeds your plan's Initial Coverage Limit (ICL) and you exit the Coverage Gap or Donut Hole when your ou . . .

Feb, 05 2022 — After meeting your Medicare Part D prescription drug plan's out of pocket spending limit (TrOOP), you will exit your Medicare plan's Coverage Gap or Donut Hole and enter the last phase of Medicare Par . . .