The Medicare Prescription Payment Plan is a new program for 2025 that will help people with Medicare prescription drug coverage (Part D) who have high out-of-pocket expenses. Individuals can spread out their medication costs in the form of monthly payments over the course of the plan year. 

This program allows you to pay out-of-pocket prescription drug costs in the form of capped monthly payments instead of all at once at the pharmacy to help you manage your Medicare Part D drug costs. There is no cost to participate in the Medicare Prescription Payment Plan. Participation is voluntary, and you can enroll in this program at any time.