Oct. 15, 2024
Effective Jan. 1, 2025, we will offer a new payment option for members with a Blue Cross Medicare Part D plan or a Medicare Advantage plan with Part D coverage. The Medicare Prescription Payment Plan offers enrollees the option to pay out-of-pocket prescription drug costs in the form of monthly payments over the plan year instead of all at once at the pharmacy.
Who may benefit: While this program is available to anyone with Medicare Part D, members who have high drug costs earlier in the calendar year may be more likely to benefit by spreading out their expenses over the year. Refer to the Centers for Medicare & Medicaid Services’ fact sheet for more information.
How you can help: Members may opt into the program beginning Oct. 15, 2024, for a Jan. 1, 2025, effective date. If your patients have questions, have them call the number on their member ID card.