coverage gap | BTCC Knowledge

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The Medicare Part D Coverage Gap, also known as the 'doughnut hole', refers to a period where Medicare beneficiaries must pay a higher share of prescription drug costs before catastrophic coverage kicks in. Gap Insurance, on the other hand, covers the difference between the actual value of a vehicle and the amount paid by a standard insurance policy in case of total loss. Medicaid Coverage Gap refers to the financial gap between Medicaid coverage and the cost of healthcare services for low-income individuals.

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