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

For further questions about Medicare drug plans call the number above or contact Senior65.com.