That means there's no longer a coverage gap for prescription drugs in Part D or Medicare Advantage plans with drug coverage. Closing the donut hole is one of several changes to Medicare in 2025. The ...

The Medicare donut hole was a colloquial term for a gap in prescription drug coverage in Medicare Part D. However, as of 2025, Medicare has closed the donut hole and replaced it with a cost cap.

Medicare has undergone several major changes since it launched in 1965. And now, with the passage of the Inflation Reduction Act of 2022, it's poised to change again, with several key provisions ...

And the coverage gap, or donut hole ... It established an out-of-pocket maximum of $2,000 for drug spending under Medicare Part D. This is significantly lower than the spending cap of $8,000 ...

You may have heard about the “donut hole” — or gap in prescription drug coverage — about Medicare Part D. You enter this gap once your Medicare Part D plan has paid a certain amount for ...

There is a nearly five-year gap between when a new medical device receives FDA approval and is subsequently covered by ...

Medicare Part D offers prescription drug coverage ... Part D plans used to have a coverage gap, which people called a “donut hole.” This was a temporary limit on how much your prescription ...

4. No more “donut hole” The Medicare donut hole, or coverage gap, will go away after 2024. Through 2024, the donut hole is a phase of Part D coverage when you owe up to 25% of the cost of ...

It's free, simple and secure. Medicare Part D, or Medicare drug coverage, is a part of Medicare that can help you pay for a variety of medications. You can buy a stand-alone Part D policy if you have ...

The changes eliminate the "donut hole," a coverage gap between prescription costs ... have prescription drug coverage through Medicare Part D or the Medicare Advantage plan, according to KFF.

Anna Baluch is a freelance writer from Cleveland, Ohio. She enjoys writing about a variety of health and personal finance topics. When she's away from her laptop, she can be found working out ...

Medicare Part D covers prescription medications. Costs vary depending on certain coverage phases, including catastrophic coverage. As of January 1, 2025, the Medicare Part D phase, known as the ...