If you are have Medicare Part D insurance and find yourself in the dreaded "Medicare donut hole" each year because of high prescription drug costs, there's some good news in 2011.
Starting in 2011, those with Medicare prescription drug coverage (through Part D or a Medicare Advantage plan) will receive a 50% discount on covered brand-name drugs they need while in the donut hole. That's important because during the donut hole period you are paying the full costs of your prescription drugs. For 2011 the donut hole begins when your drug costs reach $2840 and ends when your out-of-pocket costs total $4550. If you are part of a retiree prescription drug plan or are eligible for the low-income subsidy, these discounts do not apply.