Medicare Part D Hole Will Close 2019

Medicare recently announced the Medicare Part D standard defined benefit and retiree drug subsidy for 2017. By 2020, you’ll pay no more than 25% for covered brand-name and generic drugs during the coverage gap—the same percentage you pay from the time you meet the deductible (if your plan has one) until you reach the out-of-pocket spending limit (up to $4,850 in 2016).

Item

2016

2017

Deductible

$360.00

$400.00

Initial Coverage Limit

$3,310.00

$3,700.00

Out of pocket expenses

$4,850.00

$4,950.00

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CategoryBlog, Medicare

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