Insurance Exam Prep

Ran Chen, EA, CFP®

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[Health Insurance] 43, Medicare Part D Prescription Drug Coverage

5/9/2026 • 3 min

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The 2026 Medicare Part D out-of-pocket maximum is now capped at $2,100. - The infamous "Donut Hole" or coverage gap has been eliminated under the Inflation Reduction Act. - Part D benefits are now structured in three simple phases: Deductible, Initial Coverage, and Catastrophic Coverage. - Once a beneficiary enters the catastrophic coverage phase, their coinsurance for covered drugs is zero for the rest of the year. - The maximum allowable deductible for a standard Part D plan in 2026 is $615. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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