Medicare drug coverage

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http://www.aier.org/drugcalc.html

The initial premium will be about $35 per month, or $420 per year.

· The initial deductible will be $250.

· Medicare will then pay 75 percent of drug costs from $251 to $2,250.

· There would be no Medicare coverage for drug costs between $2,250 and $5,100. This gap has been referred to as the “donut hole.”

· Once a beneficiary reaches $5,100 in total prescription drug costs, Medicare would pay 95% of the rest of their drug costs for that year.