Introducing the Medicare
Prescription Payment Plan
Learn how the program can help you manage your prescription costs
What is the Medicare Prescription Payment Plan?
The new Medicare Prescription Payment Plan is an optional program that empowers anyone with a Medicare drug plan or Medicare health plan with drug coverage to spread out their prescription expenses over time.
Opt in to pay your out-of-pocket prescription drug costs in monthly installments spread over the rest of the year. You’ll pay $0 when you pick up medication at the pharmacy.
The program goes into effect January 1, 2025 and beneficiaries can opt in starting October 15, 2024. Sign up online, by phone or by mail with the insurance plan that provides your prescription coverage.
Calculate Your New Monthly Rx Costs Now
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 bills were each month in the last year. If you're not sure what your costs will be, you can estimate some costs to see how the program works.
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.
How It Works
Watch this short video to learn more about the benefits of enrolling in the Medicare Prescription Payment Plan.
Commonly Asked Questions
Who Built this Education-Only Site?
Paytient is a healthcare solutions company trusted by 25 million people to transform how they access and afford care. We made this site for people to learn more about the Medicare Prescription Payment Plan and how they may benefit from participating.
In 2025, Paytient will power the solution behind the scenes for 40 percent of beneficiaries with prescription drug coverage, helping them better manage their prescription payments over time.
Ready to calculate your monthly Rx costs? Use this calculator.
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.