Mr. Smalley is a retiree on the Medicare prescription drug plan. This year his drug expenditures are $5,100. What percentage will Medicare pay of the medications that cost between $2,930 and $5,100?

Question

Quizplus · Accepted Answer

Medicare Part D has a coverage gap known as the "donut hole." In 2023, beneficiaries pay 25% of the cost for brand-name and generic drugs in this gap, meaning Medicare pays 0% for the costs between $2,930 and $5,100.

Mr Smalley Is a Retiree on the Medicare Prescription Drug