Thursday, September 17, 2009

Getting Through The Medicare Doughnut Hole

As you may know, people on Medicare and taking needed prescription drugs, can fall into doughnutholethe “doughnut hole,” which means that they have to pay 100% of the cost of their medications out of their own pocket.

Once their medical out-of-pocket expenses have reached the catastrophic level, the government will pay for their meds.

Now you have an online tool, the AARP Doughnut Hole Calculator, that will give you some options to either avoid or postpone the “doughnut hole” altogether.

The tool, which will tell you when you might hit the hole and gives tips on how to stay out of the hole, is located at

The site automatically lists less expensive medication alternatives.

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