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Official Description & Notes

The Medicare Prescription Payment Plan is a new payment option that works with your current drug coverage to help you manage your out-of-pocket costs for drugs covered by your plan by spreading them across the calendar year (January-December). Starting in 2025, anyone with a Medicare drug plan or Medicare health plan with drug coverage (like a Medicare Advantage Plan with drug coverage) can use this payment option. All plans offer this payment option, and participation is voluntary.

This payment option might help you manage your monthly expenses, but it doesn’t save you money or lower your drug costs. Visit https://www.medicare.gov/basics/costs/help to learn about other programs that might save you money, if you qualify.