Pharmacist/photo by Fotolia

People with Medicare Part D prescription drug coverage will have the option of paying out-of-pocket costs through monthly payments beginning in 2025. The Centers for Medicare & Medicaid Services on Monday released draft guidance for comment that outlines the requirements and procedures for certain aspects of the new Medicare Prescription Payment Plan.

“For people with Medicare Part D who face high costs early in the year, today’s announcement will ease the burden of out-of-pocket prescription drug costs,” said Xavier Becerra, secretary of the U.S. Department of Health and Human Services. “This is one more example of how the president’s prescription drug bill is reducing costs and increasing access to life-saving medicines for our Medicare beneficiaries.”

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