What is the Medicare Standard Part D Deductible for 2021?

Medicare Part D Parameters

The 2021 parameters (below) were calculated using the annual percentage increase method, and they will increase by approximately 1.5% to 2.5%, with the out-of-pocket (OOP) threshold increasing by 2% in 2021.

Medicare Part D Quotes

Standard Benefit Parameters

2021 Donut Hole Discount:

Part D enrollees will receive a 75% Donut Hole discount on the total cost of their brand-name drugs purchased while in the Donut Hole. The discount includes, a 70% discount paid by the brand-name drug manufacturer and a 5% discount paid by your Medicare Part D plan.

The 70% paid by the drug manufacturer combined with the 25% you pay, count toward your TrOOP or Donut Hole exit point.

For example: If you reach the Donut Hole and purchase a brand-name medication with a retail cost of $100, you will pay $25 for the medication, and receive $95 credit toward meeting your 2021 total out-of-pocket spending limit.