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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