By the year 2020 there will be a standard 25% co-payment for brand-name drugs and 25% for generics when you reach the do-nut hole, thus closing the “hole”.
Since the enactment of the ACA, the co-payment for Medicare Part D prescription drugs, while in the “donut hole,” has been decreasing. By 2020 the co-payment for prescription drugs will be 25% of the retail price.
Here’s some information about Medicare Part D Coverage for 2017.
Turning 65 during 2016? You are eligible for Medicare and you have a few choices. But what should you sign up for?