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Compare  Part D providers in YOUR state. Click here, then click your state on the chart.

PART D COSTS COMPARED IN CHART FORM---2008/2007/2006

Updated December 14, 2007

We hope these are easier to understand than the bizarre charts on some other sites. Some sites are sponsored by the insurance industry, and we believe that its information is designed to obscure your true costs under Part "D".  

 

These charts assume that your plan follows the standard Medicare Part "D" Model.

Important Note: Part D monthly premiums range from approximately $0 to over $165.70. Coverage will vary based on the premium charged. You need to carefully review the details of each company offering coverage in your state. Go to  Medicare tips, and click on your state to see which premium and plan is best for your situation and medications. The charts below show the basic guidelines.  Extra-Help programs are available based on financial need.  Check at this  website.  Your drugs may cost as little as NOTHING.

 This is how Part D looks in Chart Form : 2008
AMOUNT  &  ITEM  WHAT YOU PAY    WHAT MEDICARE PAYS  
$420  PREMIUMS  (varies) $420 $0
$275 DEDUCTIBLE $275 $0
(25% / 75%)  NEXT $2,235 $558.75 $1,676.25
$3216.25 "DOUGHNUT HOLE"  $3,216.25 $0    
TOTAL $4,470  $1,676.25
SO UNTIL $6,146.25 IS SPENT, YOUR COST IS $4,470  ($4,050 if not counting premiums)

AFTER THAT YOU PAY $2.25 FOR EACH GENERIC, OR $5.60 FOR EACH BRAND NAME, OR 5% OF THE  TOTAL OF EACH PRESCRIPTION, WHICHEVER IS THE HIGHER NUMBER. EXAMPLE: A $200 DRUG COSTS YOU $11.20. THIS SO-CALLED "CATASTROPHIC COVERAGE" CONTINUES ONLY UNTIL DECEMBER 31, 2008

ON 1/1/09 IT ALL BEGINS OVER AGAIN, WITH HIGHER PREMIUMS AND DEDUCTIBLE, AND A LARGER DOUGHNUT HOLE.

Remember, if you have been in Part D for less than a full year in 2007, being in for a full 12 months in 2008 may mean that the doughnut hole takes on a greater significance for you.

 This is how Part D looked in Chart Form : 2007

AMOUNT  &  ITEM  WHAT YOU PAY    WHAT MEDICARE PAYS  
$420  PREMIUMS  (varies) $420 $0
$265 DEDUCTIBLE $265  $0
(25% / 75%)  NEXT $2,135 $533.75 $1,601.25
$3,051.25 "DOUGHNUT HOLE"  $3,051.25 $0    
TOTAL $4,270  $1,601.25
SO UNTIL $5,871.25 IS SPENT, YOUR COST IS $4,270.00 ($3,850 if not counting premiums)
AFTER THAT YOU PAY $2.15 FOR EACH GENERIC, OR $5.35 FOR EACH BRAND NAME, OR 5% OF  THE  TOTAL OF EACH PRESCRIPTION, WHICHEVER IS THE HIGHER NUMBER. EXAMPLE: A $200 DRUG COSTS YOU $10.00. THIS 5% ARRANGEMENT CONTINUES ONLY UNTIL DECEMBER 31, 2007
ON 1/1/08 IT ALL BEGINS OVER AGAIN, WITH HIGHER PREMIUMS AND DEDUCTIBLE, AND A LARGER DOUGHNUT HOLE.

Remember, if you have been in Part D for less than a full year in 2006, being in for a full 12 months in 2007 may mean that the doughnut hole takes on a greater significance for you.

 

 This is how Part D looked in Chart Form : 2006
AMOUNT  &  ITEM  WHAT YOU PAY    WHAT MEDICARE PAYS  
$420  PREMIUMS  (varies) $420 $0
$250 DEDUCTIBLE $250  $0
(25% / 75%)  NEXT $2,000 $500 $1,500
$2850 "DOUGHNUT HOLE"  $2,850 $0    
TOTAL $4,020  $1,500
SO UNTIL $5,520 IS SPENT, YOUR COST IS $4,020  ($3,600 if not counting premiums)
AFTER THAT YOU PAY $2 FOR EACH GENERIC, OR $5 FOR EACH BRAND NAME, OR 5% OF THE  TOTAL OF EACH PRESCRIPTION, WHICHEVER IS THE HIGHER NUMBER. EXAMPLE: A $200 DRUG COSTS YOU $10. THIS 5% ARRANGEMENT CONTINUES ONLY UNTIL DECEMBER 31, 2006
ON 1/1/07 IT ALL BEGINS OVER AGAIN, WITH HIGHER PREMIUMS AND DEDUCTIBLE, AND A LARGER DOUGHNUT HOLE.

Remember, if you have been in Part D for less than a full year in 2006, being in for a full 12 months in 2007 may mean that the doughnut hole takes on a greater significance for you.

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Also see: Part D Fiasco - Congress Can Do BetterComing 2007 Part D ShockPart D In Chart Form,

All about Part D and Medicare Survive a Fall into the Doughnut Hole   Medicare Twilight Zone

 

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