Closing the Medicare Part D Coverage Gap AARP
Closing the Medicare Part D Coverage Gap - AARP
Here’s how it works:
2013: You’ll get a 52.5 percent discount on brand-name and a 21 percent discount on generic drugs.
2014: You’ll get a 52.5 percent discount on brand-name and a 28 percent discount on generic drugs.
2015: You’ll get a 55 percent discount on brand-name and a 35 percent discount on generic drugs.
2016: You’ll get a 55 percent discount on brand-name and a 42 percent discount on generic drugs.
2017: You’ll get a 60 percent discount on brand-name and a 49 percent discount on generic drugs.
2018: You’ll get a 65 percent discount on brand-name and a 56 percent discount on generic drugs.
2019: You’ll get a 70 percent discount on brand-name and a 63 percent discount on generic drugs.
2020: The Medicare Part D coverage gap is closed.
How much you’ll pay out of pocket for each drug may vary depending on your Part D plan, the prices your plan negotiated and how it has structured its gap coverage.
Updated August 2013 Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures
Closing the Medicare Part D Coverage Gap
What happens when
l The health care law adds benefits to help make your Medicare prescription drug coverage more affordable. If you reach the Medicare Part D coverage gap, you can get discounts on your prescription drugs. The discounts will gradually increase until the coverage gap disappears in 2020.Here’s how it works:
2013: You’ll get a 52.5 percent discount on brand-name and a 21 percent discount on generic drugs.
2014: You’ll get a 52.5 percent discount on brand-name and a 28 percent discount on generic drugs.
2015: You’ll get a 55 percent discount on brand-name and a 35 percent discount on generic drugs.
2016: You’ll get a 55 percent discount on brand-name and a 42 percent discount on generic drugs.
2017: You’ll get a 60 percent discount on brand-name and a 49 percent discount on generic drugs.
2018: You’ll get a 65 percent discount on brand-name and a 56 percent discount on generic drugs.
2019: You’ll get a 70 percent discount on brand-name and a 63 percent discount on generic drugs.
2020: The Medicare Part D coverage gap is closed.
How much you’ll pay out of pocket for each drug may vary depending on your Part D plan, the prices your plan negotiated and how it has structured its gap coverage.
Updated August 2013 Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures