Catching Up! PART II
I couldn't get all I wanted to write on the previous entry, hence this Part II. ================================================ ================================================ A Word Or Two About Medicare And Drug Costs Or Life In The Gap If you're on Medicare or have a loved one who is, you'll know what I mean. For those of you who don't here's quick and dirty explanation. Medicare allows your Part D insurance carrier to pay only a set amount (about $1900.00) a year for drug costs. When you reach that limit, you'll be in "the gap" or "the donut hole" as it is more popularly known. You'll know it right away because (for 2012), you will pay 86% and your chosen Part D carrier will pay 14% of your drug bill. This is for generic drugs only. Sometimes brand-name manufacturers will offer a discount, but until you're out of the hole (when you reach about $4300.00 or the first of the following year) you'll suffer finan