Language Translation
  Close Menu

Medicare Prescription Drug Coverage

Part D Standard Benefit Design Parameters

Cost20242025Difference

Avg. Monthly Premium, Standalone Part D

$41.63

$40.00

-$1.63 (-3.9%)

Avg. Monthly Premium, Drug Plan With Medicare Advantage

$15.56

$13.50

-$2.06 (-13.2%)

Max. Annual Deductible

$545

$590

+$45 (+8.3%)

Avg. Annual Deductible, Standalone Part D*

$383.75

$466.49

+$82.74 (+21.6%)

Avg. Annual Drug Deductible, Drug Plan With Medicare Advantage*

$146.37

$306.10

+$159.73 (109%)

Out-of-Pocket Maximum for Covered Drugs

$5,030, after which you pay 25% until you reach $8,000 out of pocket

$2,000

-$3,030 to -$6,000


Catastrophic Coverage Benefit

 2018201920202021202220232024
Generic Drugs$3.35**$3.40**$3.60**$3.70**$3.95**$4.15**$4.50
Brand Name Drugs$8.35**$8.50**$8.95**$9.20**$9.85**$10.35**$11.20


**The Catastrophic Coverage is the greatest of 5% or the values shown in the chart above.

View a complete list of Medicare Prescription Plans in Indiana 2023 (updated 8/23)

Compare Medicare Prescription Drug Plans

Request for Medicare Part D Drug Plan Comparison (2022),  Complete this printable form for a free Part D Drug Plan Comparison.