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re: Question about interstate competition amongst insurance companies...

Posted on 12/5/16 at 1:56 pm to
Posted by roadGator
Member since Feb 2009
141092 posts
Posted on 12/5/16 at 1:56 pm to
I've been in the insurance industry for 20 years and the only time (recently) I've heard the term donut hole is when folks are talking about Part D of Medicare.

When I was in underwriting we never used the term while developing rates either.

I'll look into it more.
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
66012 posts
Posted on 12/5/16 at 2:03 pm to

Worked for Caremark/AdvancePCS during the 2004 Med D rollout and I guess you're right, the term was coined then due to the DED OOP gaps.

Now, MEDIGAP has been around among time I think... meaning gaps to cover DED, copay, other. Gap insurance has been a popular necessary long before Part D's term donut hole just by different ways of recognizing said gap.
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