A fixed amount you pay for a drug at the pharmacy. Previously, if you had medicare part d drug coverage and reached the catastrophic coverage phase, you continued to pay 5% of your drug costs for the rest of the year Now you’ll save, on average, hundreds of dollars in copayments in 2024 After your spending hits that amount, you enter the catastrophic coverage phase and your plan pays 100% of the cost of covered medications for the rest of the year. Get clear explanations of all prescription drug coverage expenses.
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