key medicare terms and costs costs get free advice from a medicare licensed insurance agent we've teamed up with ehealth to make it easy to answer your questions about the enrollment process coverage phases deductible phase you pay for your prescriptions until you meet your deductible premium the monthly fee for your once you reach your full deductible deductible amount you must pay each year for your covered medications before your drug plan pays its share initial coverage you're only responsible for a copay for each prescription combined amount determined by medicare copay the portion of the prescription drug cost that you're responsible for after your copays usually begin in the initial coverage phase coverage gap you'll pay up to 25% of the cost for brand-name and generic prescription drugs covered by your plan who is ehealth and what can they do for me? you compare plans from medicare-approved insurance companies • their licensed insurance agents can provide personalized advice based on your specific prescriptions and will help you find the plan with the lowest total out-of-pocket costs • they can also estimate how much you'll pay each month and help you enroll-at no cost or obligation important questions to ask or low-income subsidies? penalty you may owe a late enrollment penalty if you go without creditable prescription drug coverage for a period of initial enrollment period once your out-of-pocket costs reach the upper limit of the coverage gap catastrophic coverage phase you'll still be covered by your prescription drug costs for the rest of the year
