Our 2012 Medicare “Donut Hole Calculator” is not quite ready, but it will be soon.
Not familiar with the Part D Plan donut hole or how it impacts your overall monthly prescription costs? Here’s a little more information from Wikipedia:
“The Medicare Part D coverage gap — informally known as the Medicare doughnut hole — is the difference of the initial coverage limit and the catastrophic coverage threshold, as described in the Medicare Part D prescription drug program administered by the United States federal government. After a Medicare beneficiary surpasses the prescription drug coverage limit, the Medicare beneficiary is financially responsible for the entire cost of prescription drugs until the expense reaches the catastrophic coverage threshold.”