New Medicare Prescription Payment Plan Announced for 2025

Beginning in January, eligible McLaren Medicare members can opt-in to a new Medicare Prescription Payment Plan where you can spread your out-of-pocket prescription costs over the course of the entire year.

The new plan – in effect under the Inflation Reduction Act – provides eligible Medicare Advantage enrollees the opportunity to pay out-of-pocket prescription drug costs in monthly payments instead of all at once at the pharmacy. The Medicare Prescription Payment Plan doesn’t save money or lower drug costs. It’s a monthly installment plan and it’s optional.

See below for additional details about the program.

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