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Has the doughnut hole been closed with Obamacare?

+4 votes
asked Oct 16, 2012 in Health Insurance by anonymous
   

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I have heard of the donut hole, but I am sure that it has not been closed. This care is just at the beginning and we are going to have a lot of things going on before everything gets worked out on this one. It may not be workable.
answered Nov 17, 2012 by southernwave Inquisitive Expert (26,730 points)
+2 votes
If you are referring to the hole in Medicare Part D coverage plans, then the answer is no. Additionally, the ACA (Obamacare) does not impact that part of Medicare, to date. A law was passed in 2008, and begun to be enacted in 2010, that reportedly will "close" the Medicare Part D doughnut hole (or Coveage Gap) by the year 2020 but it will actually only reduce it to a 75/25 split on prescription drug costs (initially Medicare benficiaries had to shoulder 100% of those costs themselves). If you want a more detailed look at this information you might try going to "Q1Medicare.com"; Medicare Part D is all they focus on.
answered Dec 18, 2013 by Mark Trezise / TREZISE INSURANCE / 903-7

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