Senior citizens participating in the Medicare Part D prescription drug program may be in line for a special tax-free rebate. As authorized by a provision in the new health care legislation, Medicare will be sending out $250 checks to individuals who have prescription drug expenses exceeding the threshold of $2,830 for the year.
If individuals fall into this "doughnut hole," they must pay 100% of their expenses until they reach another threshold of $4,550. At that point, Medicare picks up 95% of the cost while participants have to pay the remaining 5%. A rebate check will be issued once a drug plan notifies Medicare that the participant is in the doughnut hole.
If you have any questions about the rebates, visit www.medicare.gov or call 1-800-MEDICARE.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/20751/medicare-part-d-dollars-for-doughnut-holes "