Annual Enrollment Period
Reviewing Your Prescription Drug Plan
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Simple, step-by-step instructional video on how to shop your Part D Plan on Medicare.gov.
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Changes to Medicare Part D in 2025
$2,000 Maximum Out-of-Pocket
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All Part D plans will have a $2,000-a year-out-of-pocket limit for prescription medications.
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$2,000 cap includes deductibles, copayments and coinsurance for covered drugs.
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Does not apply to premiums, non-covered drugs or Part B Drugs.
Removal of Coverage Gap Phase
- Part D plans can have a deductible up to $590.
- Then you pay up to a 25% copayment for your medications until your total out-of-pocket costs reach $2,000.
- Once the $2,000 cap is reached, you pay nothing.
Medicare Prescription Payment Plan
- Option to pay out-of-pocket prescription costs in monthly amounts over the plan year.
- Once enrolled, no payments are made at the pharmacy, instead receive a monthly bill for drugs from Part D plan.
- Monthly bill is based on your cost sharing and the remaining months in the plan year.
- Contact your Part D plan in January to enroll.