top of page

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"

Deductible
You pay 100%

Coverage Gap

25%

Initial Coverage
You pay Copays

Catastrophic Coverage You
pay  5%

$4660 
Total Cost 

$7400
Out of Pocket

©2023 by Kelderman Insurance. Not affiliated with Medicare. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.

bottom of page