What Does Medicare Part D Cost?

What Does Medicare Part D Cost?

Medicare Part D coverage costs will vary based on the prescription drugs you take, which type of Medicare Part D plan you choose, which pharmacy you go to, and whether or not your drugs are on your plan’s approved list of drugs.

If you are enrolled in Medicare Part D and Medicare Part B or Medicare Advantage you must continue paying the part B premium in addition to your Part D premium. You might be required to pay a deductible and copayment/coinsurance if you have Medicare Part D. The government regulates some of the costs you might have with Medicare Part D plans such as preventing deductibles from being higher than $400.

Low-Income Subsidy offered by Medicare assists eligible people who have low incomes to pay for Medicare Part D. If you are are eligible for Medicare and receive full state Medicaid, are part of a medicare Savings program, or receive supplemental security income you are eligible for Low-Income Subsidy.

Medicare Part D will automatically sign you up for a plan if you are eligible but have not already enrolled in a plan.