Donut Hole
This term pertains to Medicare prescription drugs.
Most plans, with Medicare prescription drug coverage (Part D), have a coverage gap called a "Donut Hole."
This means that after you and your drug plan have spent a certain amount of money for covered drugs, you have to pay all costs out-of-pocket for your prescriptions up to a yearly limit.
This coverage gap can be quite complicated to navigate. Seniors need to have some knowledge of this subject.
We created an article to go into greater detail.
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