Medicare Part D Deductible

Some Medicare prescription drug plans require you to pay a Part D yearly deductible before it will share the cost of your medications. The fact that a yearly deductible is an out-of-pocket Medicare Part D cost—in addition to the Medicare Part D copays and/or Medicare coinsurance you pay for prescriptions—is often overlooked when comparing out-of-pocket expenses.

The standard Part D deductible for 2020 it is $435; it may change every year. Instead of choosing a plan that requires you to pay up to $435 before your Initial Coverage stage begins, consider a SilverScript (PDP) plan that offers a $0 deductible1 on Tiers 1 and 2 (Choice plan) or $0 deductible on all tiers (Plus plan)2

1In 2020, the SilverScript Choice plan has a deductible on Tier 3-5 drugs in every region. Deductible amounts vary.

2Plus plan not offered in Alaska.