People With Medicare
Learn About Costs
Medicare will pay part of the costs of prescription drug coverage for everyone who enrolls in a plan. How much you pay will depend on which prescription drug plan you choose and whether or not you qualify for the extra help with the costs of this coverage that Medicare is offering.
Think about these things before you choose a drug plan:
- When you are picking your Medicare prescription drug plan, you should consider coverage, convenience and costs:
- Coverage: Are your current drugs covered on the plan's drug list (called the formulary)?
- Convenience: Does the plan have restrictions or limits on how you can use your drugs? Also, can you get your drugs from the drugstore you like? Can you get them by mail if you want to?
- Costs: How much will you have to pay during the year? Costs include your monthly premiums, the deductible (if any), co-payments or co-insurance, and coverage gap costs (if any).
This section will tell you about the costs of the Medicare Prescription Drug Plans, which will help you to understand and compare the plans.
You may also qualify and apply for Extra Help paying the cost of Medicare Prescription Drug Coverage, depending on your income level and your assets.
When you are ready to find out the costs of specific plans in your area, use the link to the Medicare.gov Plan Finder at the bottom of this page.
In This Section:
- What will the Medicare Prescription Drug Coverage cost me?
- How can I compare different plans' costs?
- What do I need to know about the coverage gap?
- What counts for my “out-of-pocket” costs?
- How can I lower my costs during the coverage gap?
- How do I choose between Original Medicare and Medicare Advantage?
|Print these instructions for using the Medicare.gov Plan Finder|