Yes. Our Medicare Part D Donut Hole calculator or PDP-Planner is designed so seniors and other Medicare beneficiaries can see how their Part D drug spending could change throughout the year and help estimate annual drug costs.
To begin, you simply enter your average monthly Medicare Part D retail drug costs, choose the month when your coverage begins (usually, January), change your plan's Initial Deductible (if you wish), and choose your approximate mix of generic or brand-name drugs.
(You can get an estimate of your retail drug costs using our Q1Rx.com Drug Finder. Just enter the name of your formulary drug, location, and see the retail prices across all Medicare drug plans in your area.)
To help you visualize your potential drug spending, we show a chart of how your estimated annual drug costs are organized by month and the four Medicare Part D plan phases (Initial Deductible, Initial Coverage Limit, Coverage Gap, and Catastrophic Coverage) .
Our PDP-Planner tool or Donut Hole Calculator uses the annual Centers for Medicare and Medicaid Services (CMS) defined standard Medicare Part D prescription drug plan benefit parameters (assuming a 25% co-insurance as cost-sharing during the Initial Coverage Phase), the annual Donut Hole discount, and even calculates your "straddle claims" -- drug purchases that cross over more than one drug plan coverage phase. The results of the Donut Hole Calculator can be sent directly to your email account, printed, or viewed online.
We even have older versions of our Donut Hole calculators online in our "Plan Archives" section if you wanted to see how your estimated Medicare Part D spending might have changed over the years.
How about an example?
To get started, we have several Donut Hole or Coverage Gap examples online. You can click here for an example of a Medicare beneficiary with relatively high monthly prescription drug costs (retail drug costs averaging $800 per month), an initial deductible of $415 (the standard 2019 deductible), and we chose to have all of the $800 drug costs are for brand-name formulary medications (0% Generic / 100% Brand).