Transform Your Coverage With These Secret Medicare Plan Hacks

Prescription Drug Coverage: Avoid the Donut Hole

Part D, the prescription drug coverage component of Medicare, is essential for managing medication costs. However, many beneficiaries fall into the coverage gap known as the "donut hole," where out-of-pocket expenses can rise significantly. To avoid this, consider plans with a broader formulary or those that offer additional coverage during the gap². Additionally, take advantage of pharmaceutical assistance programs and generic drug options to further reduce costs. Visit websites of different Part D providers to compare formularies and find a plan that minimizes your out-of-pocket expenses.