You’ll make these payments throughout the year in a Medicare drug plan:
B) Yearly deductible
C) Copayments or coinsurance
D) Costs in the coverage gap
E) Costs if you get Extra Help
F) Costs if you pay a late enrollment penalty
Your actual drug coverage costs will vary depending on:
A) Your prescriptions and whether they’re on your plan’s list of covered drugs (formulary).
B) What “tier” the drug is in.
C) The drug benefit phase you’re in (like whether you’ve met your deductible or if you’re in the catastrophic coverage phase).
D) The pharmacy you use (whether it offers preferred or standard cost-sharing, is out of network, or is mail order). Your out-of-pocket drug costs may be less at a preferred pharmacy because it has agreed with your plan to charge less.
E) Whether you get extra help paying your drug coverage costs.