Changes to Medicare prescription coverage in 2025: part # 3

In an effort to bring some relief to seniors on high-priced medications — especially those who might hit the new $2,000 limit in the first few months of the year — Part D enrollees will have the option to enroll in a new payment program that spreads their out-of-pocket expenses throughout the year. Instead of potentially paying RX expenses all at once, elders can now spread drug costs throughout the year.

For example, someone who takes a prescription drug that costs $5,000 a month would pay $2,000 in January and nothing else for the remainder of the year. But coming up with $2,000 all at once can be difficult, so this program would allow you to pay it in monthly installments.

This payment plan isn’t for everyone. For example, it doesn’t make much sense for someone with low or manageable monthly medication expenses. It’s also less beneficial to people who sign up for the plan later in the year, when there are fewer months to spread out the payments.

According to AARP, if you enroll in the payment program — and you can enroll any time throughout the year — you’ll receive a monthly bill for your medications from your drug plan. This bill will be separate from the monthly bill for your plan premium, if you have one.

Just know that the payment plan won’t save you money on your prescription expenses, but it will help ease the burden of paying a large lump sum up front at the pharmacy counter.

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