A New Concept In Prescription Drug Savings For Victims Of Medicare Part D S Dreaded Doughnut Hole
Posted on March 30, 2009 by Robert
During this gap in coverage, between 2250 and 5100 in prescription drug spending, Medicare Part D participants lose coverage, must continue to pay their monthly premiums and are 100 responsible for paying for their medications themselves. Once they hit the doughnut hole, this massive jump in monthly medication expenditures makes it very difficult for some Plan D participants to cope financially. In a recent Business Week article, Bruce Stuart, director of the Peter Lamy Center on Drug Therapy Aging at the University of Maryland, estimated that about 38 of Medicare beneficiaries are at risk of hitting the doughnut hole this year. This estimation means that 7 million to 10 million participants could hit the doughnut hole and lose coverage for part of this year. Seniors were expecting to receive a benefit that would help them...