2024 "Donut Hole" Updates
Upcoming Changes to Medicare Part D
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- The Part D Deductible will increase to $545 max per year ($505 in 2023).
- The Initial Coverage phase max limit will increase to $5,031 ($4,660 in 2023).
- The Coverage Gap or "Donut Hole" max limit will increase to $8,000 ($7,400 in 2023).
- The Catastrophic Coverage phase will have $0 out-of-pocket costs (5% in 2023).
FPL
. Eliminating the partial Extra Help category for individuals with incomes below 150%FPL
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