What Is the 'Donut Hole' in Medicare?
Medicare Part D plans have a gap in coverage referred to as the “donut hole.” Not everyone will enter the donut hole, but, if your total drug costs reach a certain limit, you may. The limit includes what you and Medicare pay for your total drug cost. In 2021, that limit is set at $4,130. When you reach this mark, thereafter, you will be responsible for paying a percentage of your drug costs.
For more about the Medicare donut hole, 2021 updates, and how to get out of this phase, give us a call at (901) 460-7220.