NEW FOR 2025

Get your meds with the Medicare Prescription Payment Plan

Got Medicare Rx drug coverage? You can get your meds for $0 and pay your bill later with no interest.

A Medicare ID Card with the Medicare ID Number circled, with text, "Have this ready!" A Medicare Prescription Payment Plan Participation Request Form example with a call out that states, "Your information is secure."

A woman at the pharmacy picking up her prescription.

What is the Medicare Prescription Payment Plan?

High prescription costs shouldn’t prevent you from getting the care you need. The Medicare Prescription Payment Plan gives anyone with a Medicare drug plan or Medicare Advantage plan with drug coverage the option to pay out-of-pocket prescription costs over time.

Here’s how it works if you opt in: Your Medicare plan pays the pharmacy directly for your medications. You repay your plan in monthly installments with no interest or fees. You get certainty of affordability for your prescriptions throughout the year. This means if you opt in, you'll pay $0 when you get your medications. Instead, your out-of-pocket prescription costs will be billed to you in monthly installments from your plan.

You can opt in for 2025 at any time and opt in early for 2026 beginning on October 15th, 2025. Sign up today by clicking “Opt In Now” and filling out the form.

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WHY OPT IN?

Benefits of the Medicare Prescription Payment Plan

Lower Monthly Prescription Drug Costs

Spread out costs over time and avoid large bills at the pharmacy counter.

Help with Prescription Costs

Designed to enable prescription assistance for someone with Medicare, this program provides financial relief for those struggling to manage high prescription expenses.

Affordable Prescriptions for Seniors

With this program, essential medications are more accessible for seniors, making it easier and less stressful to stay healthy.

See What Your Monthly Rx Costs Would Be

Use this simple calculator to see how the new Medicare Prescription Payment Plan impacts your prescription payments over time.

To use it, you’ll need to know what your monthly prescription costs were each month in the last year. If you're not sure what your costs were or will be, you can estimate some costs to see how the program works. No personal information will be collected, saved, or shared.

Preview your costs

While this calculator is not associated with the Centers for Medicare & Medicaid Services, it is made using the calculations set forth publicly for the Medicare Prescription Payment Plan program which can be viewed online here.