Medicare Drug Plan - Falling Into The Donut Hole

Many seniors have hit the gap in the Medicare Part D prescription drug coverage, commonly referred to as the "donut hole". Once the beneficiary has used $2250 in medications, you will pay 100% of the cost of medications until out of pocket costs reach $3600. After that amount is reached, coverage will resume with either a 5% deducible or $5.00 co-pay depending on the plan. The plan premiums continue during this coverage gap.

This is a confusing plan for most and it is often difficult to manage these cost on a fixed monthly income. For those hitting the gap in the hot summer they are hit with an even large financial burden with rising drug costs and high electricity costs for summer air conditioning.