I've been dreading hitting the donut hole each year. How will its elimination in 2025 change what I pay throughout the year?
Answered by 11 licensed agents
Answered by Melonie Wood on April 4, 2025
Agent Licensed in FL & AL
The annual deductible applies toward the oop max.
Answered by James Carlson on April 8, 2025
Agent Licensed in MN
Setup on a 12 month payment plan and be deducted from your SS each month. When you order or pick up Rx through the year, you pay $0.
Answered by Robert Pennington on April 28, 2025
Broker Licensed in NC, GA, SC & VA
Don't forget that you have options with regard to paying for a copay for a drug. These are as follows: A) Making a copay for a prescription at your "Preferred" or in-network pharmacy when you have an Advantage plan, B) if you opted for a Medicare Supplement, along with a "Stand-Alone" Part D prescription drug plan, again going to a in-network preferred pharmacy can be your best choice, except for C) using an online discount pharmacy (like GoodRx.com, singlecare.com, costplusdrugs.com, etc., which can yield a better price than thru your Part D drug plan. That is an option; but you can only use one or the other for the same drug. Also, remember that if you've had success in the use of a Canadian online discount pharmacy, those out-of-pocket costs will no longer be applied toward that $2K deductible.
Answered by Steven Bleicher on April 6, 2025
Broker Licensed in AZ
1. Depending on the plan, you may now incur a coinsurance instead of a flat copay
2. Some Medicare Advantage plans may now have a Part Deductible for various tiers
Answered by Timothy Brown on April 14, 2025
Broker Licensed in PA, CT, DE & 15 other states
Answered by Michael Crocker on April 12, 2025
Broker Licensed in SC
Answered by Steve Brauer on April 8, 2025
Broker Licensed in AZ & CA
Answered by Marcie Barnes on April 19, 2025
Agent Licensed in TX, AK, AL & 48 other states
Some tricks of the trade.
If you've been prescribed an expensive medication by your physician, it's also always a good idea to contact the manufacturer. Often times the manufacturer will offer a discount on the medication through a direct program.
Also, double check your prescription drug plan because insurance companies have in and out of network pharmacies. For example, Medication X might be less expensive at CVS vs Walgreens of vice versa.
Answered by Mel Stevens on April 28, 2025
Broker Licensed in AZ
There also is a new rule establishing a Medicare Prescription Payment Plan to help spread out the copays for prescriptions over the remaining months of the year. If needed, it can be a huge benefit for many Seniors.
Answered by Al Saponar on April 21, 2025
Broker Licensed in IL, KS, MN, MO & NV
Answered by Michael Martin on April 28, 2025
Broker Licensed in NJ, MD, MI & PA
Tags: Medicare Part D Prescription Drug
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