JAKE DID A GREAT JOB OF EXPLAINING A VERY CONFUSING PART OF MEDICARE- PART D DRUGS. NJ OFFERS 29 PLANS. PLANS SHOULD BE ANALYZED ACCORDING TO THE DRUGS YOU TAKE AND THE COST OF THE PLAN TO OBTAIN THESE DRUGS. HE PROVIDES PLANNING FREE OF CHARGE TO SENIORS. IF YOU ARE LATE IN ENROLLING IN PART D AT AGE 65 WHEN ELIGIBLE THERE IS A LATE ENROLLMENT PENALTY (LEP) THAT WILL INCREASE YOUR MONTHLY PREMIUMS BY A FORMULA FOR THE REST OF YOUR LIFE. THE TIER FOR EACH DRUG IS DETERMINED BY THE INSURANCE PROVIDER. THERE ARE 4 DRUG PAYMENT STAGES- STAGE 1 IS THE YEARLY DEDUCTIBLE, STAGE 2 IS THE INITIAL COVERAGE, STAGE 3 IS THE COVERAGE GAP AND STAGE 4 IS CATASTROPHIC COVERAGE. THIS IS KNOWN AS THE DONUT HOLE.