Medicare's Infamous Donut Hole - What you need to know

The Transition to Medicare Podcast

Everyone is terrified of Medicare's Part D Coverage Gap... More commonly known as the "donut hole". Well, stop and listen to us describe what it actually is and see if you'll even be affected by this crazy pricing strategy.
We'll describe how the donut hole works and why you should take the time to understand it if you take rather expensive prescription medications.
Giardini Medicare is an independent insurance agency specializing in helping Medicare beneficiaries enroll in the Medigap or Medicare Advantage plan that fits their needs during their transition to Medicare. We are licensed and work virtually in the following states: AZ, CA, FL, IL, IN, KY, MI, MD, NC, OH, PA, SC, TX If we do NOT work in your state, we can refer to agents that we know, like & trust across the country. Fill out the form linked to our map.
Check out our website at https://gmedicareteam.com/
Also, see our additional educational content over on our YouTube Channel
You can also connect with and learn more on TikTok and our private Facebook Group and while you're at it, check out our Google Reviews! And, please get added to our mailing list so that we can remain in touch with you.
Sources for this episode:
Costs in the Coverage Gap: https://www.medicare.gov/drug-coverage-part-d/costs-for-medicare-drug-coverage/costs-in-the-coverage-gap
NYT article about the donut hole "closing": https://www.nytimes.com/2020/01/17/health/medicare-drug-costs.html
Prescription costs in catastrophic coverage: https://www.medicareinteractive.org/get-answers/medicare-prescription-drug-coverage-part-d/medicare-part-d-costs/phases-of-part-d-coverage
Initial Coverage Limit for 2023: https://www.cms.gov/files/document/2023-announcement.pdf