Archive: I do not belong to a Medicare Part D plan and actually pay for all of my own prescription drugs. Will I also get the $250 donut hole rebate payment?
Archive · updated Apr 20, 2024
The $250 Doughnut Hole rebate is only available to people who are enrolled in a Medicare prescription drug plan and not receiving any financial Extra-Help.
Perhaps on the positive side, you will also never reach the doughnut hole since you will always be 100% responsible for the cost of your medications.
As a reminder, if you are currently eligible for Medicare, do not have some form of creditable prescription drug coverage (like VA coverage) and are not enrolled in a Medicare Part D plan - you may be subject to a late-enrollment premium penalty if you decide to join a Medicare Part D prescription drug plan.
We have more information on the Late-Enrollment penalty at this ling on this site.
We also have a few articles on the Late-Enrollment Penalty on this site late-enrollment-penalty-lep/11/