Definitions for "Doughnut Hole"
Also called a “Coverage Gap.” A gap in insurance coverage during which you must pay all drug costs in full; often followed by “catastrophic coverage” from the insurance plan.
(Major gap in Rx coverage in Part D) Election Periods: The times when a Medicare-eligible person can choose to join or leave Original Medicare or a Medicare Advantage plan. There are four types of election periods: the annual election period, the initial election period, the special election period, and the open enrollment period. Enrollment: Joining Original Medicare or becoming a member of a private health plan, like a Medicare HMO.
See coverage gap.