What Happens When the Medicare Part D Donut Hole Ends in 2020?
Starting in 2020, the standard Part D benefit amount set by Medicare will extend from the initial payment stage through the donut hole. In other words, if you enter the donut hole, the cost for your drugs will no longer shift mostly to you.
If you made changes to your Medicare plan during Medicare Open Enrollment, you may be wondering what’s next. About 10 days after you enroll, you may get a phone call or letter from your Medicare insurance company. This is to make sure you understand your new plan. It is also a chance for you to give any information missing from your application.
Medigap plans, also called Medicare supplement insurance plans, cover some of the costs not paid by Original Medicare (Parts A & B). For example, Medicare Part B typically pays 80 percent of the cost for a covered service, such as a doctor visit. You would be responsible for the other 20 percent of the cost, which a Medigap plan may cover.
Every year we hold our collective breath waiting to hear what Medicare will cost when January 1 rolls around. Medicare recently announced the numbers, and this is what we learned about Medicare costs in 2020.
Medicare Part B (medical insurance) provides one-time coverage for the Medicare Diabetes Prevention Program if all three of these conditions apply:
Medicare Part B covers one glaucoma screening test once every 12 months if you are at high risk. You’re at high risk for glaucoma if one or more of the following applies to you:
Medicare covers the following outpatient mental health care services:
Original Medicare (Parts A & B) does not have an out-of-pocket limit. In other words, you are responsible for a share of your health care costs with Medicare no matter how high the costs are.
Medicare HMO (Health Maintenance Organization) plans and Medicare PPO (Preferred Provider Organization) plans differ mainly in the rules each has about using the plan’s provider network. In general, Medicare PPOs give plan members more leeway to see providers outside the network than Medicare HMOs do.