Medicare Prescription Payment Plan

Who is likely to benefit?

You’re most likely to benefit from participating in the Medicare Prescription Payment Plan if you have high drug costs earlier in the plan year. Although you can start participating in this payment option at any time in the year, starting earlier in the year (like before September), gives you more months to spread out your drug cost. Go to Medicare.gov/prescription-payment-plan/will-this-help-me to answer a few questions, and find out if you’re likely to benefit from this payment option. Remember, this payment option might help you manage your expenses, but it doesn’t save you money or lower your drug costs.

This payment option might not be helpful for you if:

• You get or are eligible for Extra Help from Medicare.
• You get or are eligible for a Medicare Savings Program.
• You get help paying for your drugs from other organizations, like a State Pharmaceutical Assistance Program (SPAP) or other health coverage.
• Your yearly drug costs are low. 
• Your drug costs are the same each month.
• You're considering signing up for the payment option late in the calendar year (after September).
• You don't want to change how you pay for your drugs.

Visit Medicare.gov/basics/costs/help/drug-costs to learn about programs that can help lower your drug costs.