Understanding the Four Stages of Coverage in Medicare’s Part D Program
The cost of your prescription drug plan may vary throughout the year based on the coverage stage you are in. If you have a Part D plan, you will move through the CMS coverage stages in the following order: deductible (if applicable), initial coverage, coverage gap, and catastrophic coverage. Stage 1: Annual Deductible This stage starts with your first prescription of the plan year. You will be responsible for paying the full cost of your…
