George Marleen

For 2024 The Part D Initial Coverage Limit Is. After meeting the deductible, the beneficiary pays 25% of the cost of a covered part d prescription drug up to the initial coverage limit in 2024, the initial coverage limit will be $5,030. Initial coverage limit you pay a copay or coinsurance for your prescription drug and the plan pays the rest.

After you and your medicare part d plan have jointly spent $5,030 (your 2024 medicare part d initial coverage limit), you’ll enter a coverage gap sometimes. A federal government website managed and paid for by the u.s.