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Part D, Prescription Drug Coverage
Part D/Prescription Drug Coverage:
Provided for by Private Insurance Companies
Phase 1 You pay the Deductable $505 for 2023
Phase 2 Initial Coverage ($4660 Prescription Cost) out of pocket initial coverange with copay
Phase 3 Coverage Gap, you pay 25% in Gap
Phase 4 Catastrophic Coverage, you pay a small copay after pay $7400 in out of pocket drug costs.
Copays, Deductible and Formularies can vary by carrier
The "Donut Hole"
You pay 100%
You pay Copays
Catastrophic Coverage You
Out of Pocket
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