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 2016 is $360 and may change every year. Instead of choosing a plan that requires you to pay up to $360 before your Initial Coverage stage begins, consider a $0 deductible1 SilverScript (PDP) plan that eliminates the deductible stage, and instead, begins in the Initial Coverage stage. With a $0 deductible plan, there’s no out-of-pocket deductible to pay and no waiting for the plan to share your prescription costs.

1Alaska Choice Plan has a $360 deductible and Stage 2 copays/coinsurance of $2/17%/37%/25% (Tiers 1-5).