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Topic: Social Issues
Number of pages / Number of words: 7 / 1807
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Once the out-of-pocket total maximum has been reached, the third plateau or level called “catastrophic coverage” takes affect. During the catastrophic coverage the co-payments drop to 5% and Medicare picks up the reminder of the cost of the drug (aarpmedicarerx.com). In 2007 the standard Medicare Part D benefit will work as follows:

  • Monthly payments of at least $25 per month depending on the plan...

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In 2007 the standard Medicare Part D benefit will work as follows:

  • Monthly payments of at least $25 per month depending on the plan.
  • A deductible of the first $250 in prescription depending on the plan. Some plans do not have a deductible.
  • After the deductible is met, Medicare will pay 75% of the drug costs up to $2400...

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