Today is National Doughnut Day. I'm not kidding! It started out as a day to honor the women who served doughnuts to soldiers during World War I and World War II. To commemorate, Krispy Kreme is offering free doughnuts today, and Dunkin Donuts is giving away a sweet treat to anyone who orders a beverage.
I am going to resist the urge to splurge on doughnuts today. I need to save the calories. But all this talk has gotten we wondering about the doughnut hole...that economic no man's land Medicare recipients fall into after they've spent $2840 in prescription medications, and before they qualify for catastrophic coverage to pick up the slack. By offering discounts on prescribed drugs, the Affordable Care Act was supposed to help seniors bridge that gap. Has it?
The numbers are encouraging. In Florida, the average Medicare in the doughnut hole has saved $677.44 to date. By 2020, if everything works the way it's supposed to, the doughnut hole will be squeezed even more, sith seniors paying no more than 25% of the cost of any Part D-covered drugs. That sounds like a really sweet deal.
To see the savings for seniors in your state, check out this link.
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