Medicare Prescription Drug Costs

Medicare’s prescription drug plan costs can vary from provider to provider, with that said there are parameters for the costs for which each Medicare Part D plan must follow.

Medicare Rx Costs

Medicare Part A and B cover limited drugs. Therefore to be totally covered it is suggested that you enroll in a Medicare Part D plan that covers your prescription drugs. The following are the costs:

• Rx national base premium is $32.42 in 2014 (can be more)
• You can pay an extra $12.10 to $69.30 per month if you make more than 85k
• Maximum deductible of $310
• Copays and coinsurance vary between plans during reg coverage
• You pay 47.5% for brand name drugs during the donut hole coverage gap
• You pay 72% for generics during the donut hole coverage gap
• If you enroll late you pay a 1% penalty for each month you didn’t enroll

This changed in 2025. For the latest version, check out our full guide on “Medicare Part D.”