| Characteristic | Amount in U.S. dollars |
|---|---|
| - | - |
| - | - |
| - | - |
| - | - |
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Source
Source
Release date
November 2022
More information
Region
United States
Survey time period
2022
Supplementary notes
* Medicare Part D has four coverage phases:
1) Initial deductible - No plan’s deductible may exceed $505 in 2023.
2) Initial Coverage - this phase starts once the initial deductible limit is reached and ends ends once your total drug cost is $4,660 in 2023.
3) Out-of-Pocket-Threshold (TrOOP) - also called the coverage gap, in this phase the beneficiary is responsible for only 25% of the prescription drugs cost.
4) Catastrophic Coverage - this phase starts when the TrOOP is reached, the enrollee is only responsible for copayment up to 5% of the total drug costs.
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