student_study_notes-page92

student_study_notes-page92 - has spent $4,050 (this is the...

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92 Standard Benefit 2008 Beneficiary pays the first $275 (Deductible) Beneficiary pays 25% of the next $2,235 (25% of $2,235 = $558.75) (Initial Benefit Period) Donut Hole "Threshold" = $2,510 That is, what the beneficiary and the plan have spent ($275 + $2,235 = $2,510) Beneficiary pays 100% of the next $3,216.25 (The "Donut Hole") "Catastrophic Coverage" begins after the beneficiary
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Unformatted text preview: has spent $4,050 (this is the total out-of-pocket spending requirement) ($275 + $558.75 + $3,216.25 = $4,050) OR, put another way: Total spending (For beneficiary & the plan) for Catastrophic Coverage: $5,726.25 ($275 + $2,235 + $3,216.25 = $5,726.25) Minimum cost sharing in Catastrophic Benefit Period: $2.25 (Generic) and $5.60 (Brand) Medicare spending by the U.S. Government...
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This note was uploaded on 12/10/2011 for the course PSY 365 taught by Professor Das during the Fall '10 term at SUNY Stony Brook.

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