For those of us who have family members or friends who receive Medicare, you may wish to warn them of a scam involving donut hole checks. Medicare will begin sending out the checks this week, and there is no information that needs to be provided to get a check. If your friends or loved ones get a phone call requesting any information about the donut hole checks, advise them it is most likely a scam.
What is the Medicare donut hole?
The Medicare Part D coverage gap — informally known as the Medicare donut hole — is the difference of the initial coverage limit and the catastrophic coverage threshold, as described in the Medicare Part D prescription drug program administered by the United States federal government. After a Medicare beneficiary surpasses the prescription drug coverage limit, the Medicare beneficiary is financially responsible for the entire cost of prescription drugs until the expense reaches the catastrophic coverage threshold.
Medicare provides a complete description of the plan in .pdf format at the link below.
Be careful. Evil lurks around us.