Medicare Donut Hole: What is the Medicare Part D “Donut Hole”?
The “donut hole” that exists in the space between the initial coverage limit on Medicare Part D and the catastrophic-coverage threshold has shrunk considerably since 2010 due to a provision of the Affordable Care Act, but there is still a gap between those types of coverage.
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Medicare Part D Tiers: What Are They, and What Is Usually Listed on Each Tier
The Medicare Part D formulary tiers have different types of drugs, both generic and brand name, covered for different prices. Most commonly there are tiers 1-5, with 1 covering the lowest-cost drugs and 5 covering the most expensive specialty medications.
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