Prescription Drug Plans
Medicare Part D
How Do Prescription Drug Plans Work?
Work with Medicare by providing a private, Medicare-approved option for prescription coverage, known as Medicare Part D.
Premiums — There may be a premium, depending on which drug plan you select.
Formulary — Each prescription drug plan separates its medications into tiers. Each tier may have a cost share amount for which you are responsible. Tiers are typically separated by generic drugs, preferred name brands, and more specialized medications. Formularies may change every year.
Deductible — Your deductible will depend on which plan you choose. No Medicare drug plan may have a deductible more than $590 in 2025 ($615 in 2026), and some plans have no deductible.
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We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800 MEDICARE to get information on all of your options.
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