What does the term “donut hole” with insurances mean?
I have someone who went to fill a prescription and was told he had to pay the full amount of $200.00 because he had a “donut hole” situation. Please explain. I could not and I’m usually pretty good with insurance issues.
Tags: donut, donut hole means, doughnut hole slang meaning, hole, insurances, Mean, term, the expression "donut hole", what does :doughnut hole: mean?, what does donut hole mean, what does donut hole refer to, what does it mean doughnut hole in insurance, what does the "donut, what does the donut hole mean in insurance, what does the donut hole refer to, what does the expression "donut hole" mean, what does the insurance dognut hole mean, what does the insurance donut hole mean?, what does the term "donut hole" mean with prescriptions?, what does the term "donut hole" refer to, what does the term donut whole, what is "donut hole"mean for ins, what is a "donut hole" landlord
It isn’t a real insurance term, but it means either the insurance doesn’t cover that medicine, or he has a high deductible – it’s a “hole” in his coverage.
It means the patient has to pay the full cost of their medication until they meet their deductible again…once that deductible is met, their copays will drop significantly but only for a certain amount of time….
most Medicare plans have donut holes….which sadly affects older patients and leads them to not take their medications because its so expensive…
Look at a doughnut…..it’s a ZERO. It’s just a slang term meaning “zero,” “nothing,” etc….no coverage in this case. If you play the lottery you’ll end up with a “doughnut hole”…..nothing….