The 4 Stages of Prescription Drug Plans for Medicare

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[MedicareSchool]

Thank you for watching our video about the 4 Stages of Prescription Drug Plans for Medicare. Did you learn anything new?

[mr.j]

Great information. Thank you. Now that I am 64, I understand why my Mom was so frustrated by all of this!

[TheRealEstateInformant]

This is great thank you for educating the public on these plans thanks again for sharing.

[johnheck]

Thanks for the information. My question: when I reach the threshold for each of the 3 phases, do I start at zero dollars in the next phase? In other words, when I reach the $435 threshold in the deductible phase and enter the Copay stage, is the $435 dollars I just spent for the deductible phase the starting point for my journey to the $4020 threshold or do I start all over again at zero dollars counting up to the $4020 threshold and so on?

[grride]

Since picking my Part D plan my prescriptions have changed. How often can you change a Part D plan? Thank you👍🏽

[RG-hfet]

Is Botox for migraines covered? I go every 3 months to a neurologist for this. It really am editing this in 6/2022 and saying yes, my migraine Botox was covered by traditional Medicare at 80% and is in the process of going to my supplemental plan G to pay towards the balance...

[rogerbowman]

I am retire and have a Supplemental G plan - Do I need to sign up for Rx plan if I am still covered by my former employers plan ?

[SixFigureBusinessCoaching]

This is a great topic to talk about, you gained a subscriber!

[PS-mrbo]

You specified that the $6350 is a brand new number, separate from the $4020 limit.

Is the $435 deductible limit and the $4020 separate as well?

So are ALL THREE limit amounts completely separate?

OR does someone in the Initial Coverage stage have the deductible limit they already met included in the money tracked that will meet the $4020. IN OTHER WORDS, when someone meets $435 deductible limit, is there only $3585 TO GO in order to reach Initial Coverage LIMIT of $4020 (because 4020-435=3584) ..and therefore begin Gap/Donut?

[JLilliquist]

what he fails to mention is if you are denied coverage and pay for it yourself, so if you pay $40 that does NOT count against your deductible, Part D is mostly useless.