Prescription Drug Plans
Part D
According to the GeorgeTown University Health Policy Institute, 66% of all adults in the United States take prescription medications.
What Card Should You Use?
Prescription Drug Card
-
All copayments for brand-name medications apply toward your annual deductible.
-
Sometimes, a coupon is cheaper than the list price.
Coupon Card
-
In most instances, you can save money immediately at pharmacy counter
-
Payments made with the coupon do not count toward your annual deductible.
What about the Donut Hole?
2025 Rules
You may have heard about the "donut hole" from friends or family, often with concerns about higher medication costs. However, starting in 2025, the "donut hole" will no longer exist. The Inflation Reduction Act has eliminated the coverage gap, simplifying Part D into three phases:
1) Deductible
2) Initial Coverage
3) Catastrophic Coverage
Once you meet your deductible, you will pay the copay amount specified by your Part D plan. After spending $2,000 on covered medications, including the deductible and copays, you will move into the catastrophic phase, where all in-formulary medications are covered 100%.
