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Medicare Drug Coverage Gap or “Donut Hole”

A gap in coverage where the beneficiary pays 100% of drug costs up to a limit, created by Medicare Part D legislation. Affordable Care Act addresses this by offering rebate checks for participants who reach their coverage gap and by requiring pharmaceutical companies to offer discounts to consumers.

Medicare Beneficiary Drug Rebate

Under the Affordable Care Act, a one-time, tax-free $250 rebate offered to eligible Medicare beneficiaries who surpass Part D prescription drug coverage limits - an…