Frequently Asked Questions about Initial Deductible

Apr, 20 2024 — The Medicare Part D annual Initial Deductible is the first phase of your Medicare Part D coverage (see chart below). In most cases, you must pay your Part D plan's Initial Deductible before you re . . .

Feb, 28 2024 — No.  Your Medicare Part D plan's Initial Deductible does not affect when you go into the Donut Hole or Coverage Gap.  However, your Initial Deductible will impact how quickly you exit the . . .

Apr, 23 2024 — Yes. If you use a Special Enrollment Period (SEP) to change Medicare drug plans during the year, you will find that both the total retail value of your drug purchases and the total value of your out-of-pocket spending (TrOOP) transfer to your new Part D plan.

Jan, 03 2024 — You will only pay the Tier 1 or Tier 2 copayment for your medications, if these two formulary tiers are excluded from the initial deductible - even when the plan's initial deductible is not yet met. . . .

Feb, 02 2024 — In most cases, you must pay your Medicare Part D plan's Initial Deductible before you receive Medicare Part D coverage - just as you would with other types of insurance, such as automobile insurance . . .