Part D of Medicare - 2021 Changes and Donut Hole Example

This brief video outlines how Part D of Medicare works including the different phases - Deductible, Initial Coverage Level, Coverage Gap aka Donut Hole, and Catastrophic Coverage. About 85% of people won't reach the Coverage Gap or Catastrophic Coverage, but if you have expensive medications (~15% of people) you will likely reach the Coverage Gap. This video includes a detailed example for those of you that like to 'geek out' on data, like me :-)

To learn more:

Or you can call us -
908-272-1970@ (Cranford Office)
856-866-8900@ (Moorestown Office)

If you are looking for a Medicare Specialist to help with your Medicare Plans you can give me a call directly at 908-481-5651.

[pammmo]

Im on my pharmacy training for Medicare and I could not grasp the Tiers and Troop costs. This video is amazing at explaining it! Now I have to find a way to explain it to our members in simple words. Thanks a million!!!

[LunaTuna]

Thank you for this incredibly clear and informative video!! You’re the best!

[suselew]

Thank President Trump for Senior Savings for insulin. This was HIS plan to reduce prescription costs like he promised.

[barbaraadams]

Thank you for the example. Visuals are great. Have you heard that insurance companies are moving normal tier1 to tier 3 or 4. Mine just did that this year. NOw I will have to pay more. Unless I choose to buy a no deductible plan

[Wendy-xegk]

Could they make it any more complicated? Tiers, deductible, copays, discounts, different plans. You would need a degree to make an intelligent decision. Government, looking after us is like having the fox guard the henhouse.

[sujatatorres]

What about for medicare advantage plan if they have a deductible let8say for $300, how does the donut whole work, can u explain it pls??