Medicare Part D Costs
Most Part D plans work on a cost-sharing basis. That means part of your Medicare Part D costs are
paid by your plan and shared by you. When considering a Part D plan, look closely at what your
specific out-of-pocket costs will be, such as:
- What your Medicare Part D copay will be when you fill a prescription
- Whether you will pay a Medicare Part D coinsurance rather than a copay
- What your Medicare Part D premium is for your service area
- Whether you will pay a Part D deductible before cost sharing begins
- What your costs will be during the Initial Coverage stage
- How your costs will change if you reach the Medicare Part D Coverage Stage
- How your costs will change if you reach Catastrophic Stage
Remember, not all Medicare Part D plans have the same cost structures. Be sure to
compare coverage options and out-of-pocket costs to ensure the plan fits your budget as well as your prescription needs.