youtor.org
The Medicare Donut Hole Medicare coverage gap What You Need to Know
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=tL6RxZpw4Lk
For more Medicare information and advice visit https://coverright.com/ • In this Medicare 101 video CoverRight CEO, Richard Chan discusses The Medicare Donut Hole. • What is the Medicare Donut Hole (also known as the Coverage Gap)? Is this a good or bad thing? • The focus of the video is on how the Medicare Donut Hole works (aka the Coverage Gap). • The donut hole kicks in when a Medicare recipient incurs $4430 in drug costs. They are then charged 25% of the drug cost until they hit $7050 in costs (what you paid and what is credited to you by Medicare) which is when catastrophic coverage kicks in. Watch the video to learn how the Medicare Donut Hole works in more detail. • There is no way to avoid the donut hole if you take many prescriptions but there are some things you can do to minimize costs including using GoodRX or exploring Mark Cuban's Cost Plus Drug's pharmacy. • In this video Richard provides a general overview of Medicare Part D (drug plans) • He reviews the general cost structure of drug plans and the four stages of how you pay for your prescription drugs while on Medicare. • We review deductibles and how your RX prices can vary by geography even by the same carrier • We cover how RXs are priced and categorized by tiers which can vary by an insurance company. • It is important to understand what prescriptions you take, and what they will cost by a plan to find the best Medicare Part D plan for you. • It is important to review your drug plans yearly as plans can change. • If you have questions or want to speak with someone about your specific Medicare situation contact us. • https://learning.coverright.com/ • https://coverright.com/ • [email protected] • (888) 969-7667 • Free, no-obligation Medicare Quotes • #medicarepartd #MedicareExplained #NewToMedicare #MedicareInsurance #Medicare101 • • 00:00 Introduction • 00:40 What is the Medicare Donut Hole • 01:12 Four Phases of Medicare Drug Coverage • 05:20 Selecting the Best Medicare Part D Plan • 07:06 Advice on Managing Medicare Drug Costs
#############################
