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medicare drug costs

Medicare Catastrophic Drug Coverage: The final phase

Medicare Catastrophic Drug Coverage

So-called catastrophic coverage (sounds like doomsday but it’s actually a good thing!) begins once you’ve made it through the coverage gap called the donut hole. In 2018, you will exit the donut hole once you have reached $5,000 in out-of-pocket costs. (See last week’s blog for more details.) Catastrophic coverage is Phase 4, the final […]

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When the Medicare Donut Hole Takes a Bite Out of You.

Medicare Donut Hole

If you spent more than $3,700 on covered drugs in 2017, you know all about the donut hole. It’s the dreaded coverage gap when your initial coverage ends and you enter Phase 3 of your Part D plan. In 2018, the out-of-pocket amount increases slightly to $3,750. If you land in the donut hole, your […]

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How to Choose a Medicare Drug Plan

Important Points to Know about Obtaining a Medicare Drug Plan When enrolling for Medicare you can get coverage for prescription drugs. Medicare drug coverage is available through private insurance companies approved by Medicare. There are different ways to obtain the coverage with associated costs that vary depending on other coverage used with this plan. It […]

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Help With Medicare Drug Costs

Need help with Medicare drug costs? Complete Medicare Resource Center here: Home Do You Qualify for Help with Medicare Drug Costs? There are different options for qualifying beneficiaries to obtain help with Medicare drug costs. In most cases you have to earn a limited amount of income while receiving Medicare benefits.  There are a few […]

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