This stands for the True Out Of Pocket (T.R.O.O.P)costs of your Medications. It includes your deductible, copays, and the cost shared with your health insurance plan. It is used to calculate when you enter into the Coverage Gap, A.K.A. the “Doughnut Hole.” In 2024, the gap will be reached when you and your carrier reach the $5030.00 TROOP. Your cost share will change to Brand Name/Generic Meds- 25% of the cost of the Med. The Gap Phase will continue until the TROOP reaches $8300.00 when you will be in the Catastrophic Phase and your cost share will be $00.00.
The T.R.O.O.P 4 Phases of Medication Coverage–
Deductible
Initial
Gap
Catastrophic
Mike Miligi- Owner- Michael M Insurance Services
For over 10 years Mike has been assisting Seniors and other Medicare-eligible individuals in understanding the ins and outs of Medicare and Medicare Health Insurance options, including Medicare Advantage Plans(Part C), Medicare Supplement Plans(Medigap), Prescription Drug Plans(PartD) and Dental and Vision programs.
Mike is Licensed in 7 States and Certified with 11 Insurance Carriers and has helped thousands of individuals decide on the best course of action for their particular Health Insurance needs. Because Mike is an Independent Medicare Health Insurance Broker, he works for the client not the Insurance Carriers and is able to provide his clients with accurate and unbiased Health Insurance options.
