Based on the study more than “90% of Medicare beneficiaries will either not reach the coverage gap or will have at least some coverage available to them in the gap.”
The findings included:
- 38% of beneficiaries have prescription drug coverage from plans outside of Medicare Part D.
- 23% will be eligible for low-income subsidies and, therefore, won’t enter the donut hole.
- 16% will have annual drug spending less than $2,250, underneath the coverage gap.
- 10% are not enrolled in a Part D program and have no other drug coverage.
- 6% have chosen enhanced Part D plans that provide some coverage of the donut hole.
This is a good sign for Medicare beneficiaries. If you are participating in Medicare let us know if you are seeing the savings.
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