What is Catastrophic Coverage?
Catastrophic coverage is special coverage for people who have extremely high drug costs. Once you or other qualified parties on your behalf have paid more than $4,550 in 2010 for your covered drugs, you only pay a small coinsurance or copayment amount for the rest of the year. In 2010, you pay the greater of $2.50 for generic drugs (including brand-name drugs treated as generic), $6.30 for all other drugs, or 5 percent coinsurance.
