Frequently Asked Questions about Closing the Coverage Gap

Aug, 13 2023 — Not exactly.  Although we say that the Donut Hole "closed" in 2020 since you receive a 75% discount on all formulary drugs purchased in the Donut Hole, the Coverage Gap still remains as the thi . . .

Jul, 16 2023 — TrOOP or your total out-of-pocket cost is the total amount you will spend in a year on your formulary drugs before exiting the Coverage Gap (or Donut Hole) and entering the Catastrophic Coverage of yo . . .

Jul, 25 2019 — No.  The Donut Hole discount only applies to medications that are included on your Medicare prescription drug plan’s formulary or drug list. If you wish to have your non-formulary medicati . . .

May, 27 2023 — All generics covered on your Medicare Part D plan's Formulary will receive the Donut discount.  The discount on generic drugs purchased in the Coverage Gap applies to all generics covered as form . . .

Mar, 13 2022 — It is possible. The Affordable Care Act limits Medicare Part D coverage for applicable drugs to only those drug manufacturers that have an agreement with the Centers for Medicare and Medicaid Services . . .

Jul, 07 2019 — The discount on brand-name drugs purchased in the Coverage Gap is broken into two components, 70% is paid by the drug manufacturer and 5% is paid by your Medicare Part D plan. Medicare (that is, th . . .

Jul, 07 2019 — No.  Only Medicare beneficiaries enrolled in a Medicare Part D prescription drug plan (PDP) or a Medicare Advantage plan that offers a prescription benefit (MA-PD) and who are not enrol . . .