Medicare Part D: How The Finances Work
How Much Will I Pay Under Medicare Part D?
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Each plan has different premiums, co-insurance and co-pays (the part of the cost of medications that you pay.)
You will pay:
- Monthly premiums.
- A one time annual deductible.
- A flat copayment or percentage of the drug's cost.
- The entire amount if your plan has a "doughnut hole." (For more information, click here)
- A small amount for drugs during the Catastrophic Coverage that starts after you are through the doughnut hole.
Each plan is required to send you a statement every month indicating your drug spending.
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