Medicare Basics for Caregivers

Frequently Asked Questions

15. What is the coverage gap? How does it relate to catastrophic coverage? - cont'd

Effective January 1, 2011: if a person reaches the coverage gap, he or she may get a 50% discount on brand-name prescription drugs and a 7% discount for generic drugs at the time they buy them. There will be additional savings for people who reach the coverage gap, each year thereafter until the gap is completely closed in 2020. (Answer continues on next page.)