FACT: Most Medicare Part D drug plans have a phase in between the Initial Coverage Period and Catrastorphic Coverage period called the Coverage Gap Phase. This “Coverage Gap” is also sometimes called the Medicare Part D Donut Hole. The Donut Hole got its name because of the gap in drug coverage on most plans. Before 2011 you were 100% responsible for drug costs in the gap, but the Affordable Care Act closed the gap lowering costs until you were only responsible for 25% of costs moving forward.
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