Healthcare Reform and Medicare Part-D Doughnut Hole Changes

It is no doubt that over the last week or two, you’ve read articles, watched t.v., or listened to the radio where Healthcare Reform was the main topic.  No matter what side of the fence your on, the bill has passed, and so it is important to understand how it will affect you over the coming years.  This week, we’ll take a look at how Medicare Part D or Medicare Prescription Drug Coverage will be affected.  Here is the breakdown: In 2010, Medicare Part D participants who reach the coverage gap (otherwise known as the doughnut hole) will receive a $250 rebate In 2011, Medicare Part D individuals who reach the coverage gap will receive a 50% discount on brand name drugs, but not until they reach the coverage gap. Brand name drugs will be subsidized slightly more each year … Continue reading →