What is the Part D donut hole or coverage gap?
Medicare drug plans may have a coverage gap which is sometimes called the donut hole.’ A coverage gap means that after you have spent a certain amount of money for covered drugs ($2,700 in 2009); the beneficiary will have to pay all the costs for the drugs while in the gap. This amount does not include the plan’s monthly premium. Once the beneficiary has reached the out-of-pocket limit of $4,350, then catastrophic coverage begins.
Medicare drug plans may have a coverage gap which is sometimes called the donut hole.’ A coverage gap means that after you have spent a certain amount of money for covered drugs; the beneficiary will have to pay all the costs for the drugs while in the gap. This amount does not include the plan’s monthly premium. Once the beneficiary has reached the out-of-pocket limit, then catastrophic coverage begins.
