Medicare Part D Explained — How Drug Coverage Actually Works

Medicare Part D coverage is one of THE most complicated insurance conversations. Deductibles, copays, coinsurance, the coverage gap or donut hole... it all amounts to confusion and high costs. We break down how your medications are covered under Medicare Part D. We also discuss GoodRx and where that program and others like it can come into play. Need help? Email me! Erik@TheRetirementNerds.com For even more on retirement, visit our website: https://www.TheRetirementNerds.com Federal Disclaimer: We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options. Chapters: 0:00 Introduction 0:56 Deductible Phase 2:07 Initial Coverage Phase 3:44 Coverage Gap / Donut hole 5:03 Catastrophic Coverage 6:30 GoodRx 7:45 Wrapping Up