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The Medicare Part D coverage gap (informally known as the Medicare donut hole) was a period of consumer payments for prescription medication costs that lay between the initial coverage limit and the catastrophic coverage threshold when the consumer was a member of a Medicare Part D prescription-drug program administered by the United States federal government.
Will Medicare's so-called "donut hole" still exist? No, according to Medicare. "Because of the prescription drug law, the coverage gap ends on Dec. 31, 2024," its website states .
The donut hole is closed, but that doesn't mean there's not a coverage gap. ... How Part D coverage works. Medicare part D plans have four parts: the deductible stage, initial coverage, the ...
What is the Medicare Part D donut hole? The term “donut hole” refers to a gap in coverage. In 2024, the donut hole occurs when a person and their plan have spent more than $5,030 on covered ...
Prior to 2010, enrollees were required to pay 100% of their retail drug costs during the coverage gap phase, commonly referred to as the "doughnut hole.” Subsequent legislation, including the Affordable Care Act, “closed” the doughnut hole from the perspective of beneficiaries, largely through the creation of a manufacturer discount program.
Closing the Medicare Part D "donut hole" by 2020, giving seniors a rebate of $250. Delaying the implementation on taxing "Cadillac health-care plans" until 2018; Requiring doctors treating Medicare patients to be reimbursed at the full rate; Setting up a Medicare tax on the unearned incomes of families that earn more than $250,000 annually.