Is There a Medicare Drug Price List?

Health Line

16-07-2025

Currently, there's no universal Medicare drug price list available, as drug costs and availability vary according to the private insurer administering the Part D prescription drug plan.
Contact Part D prescription drug plan providers to view a Medicare drug price list to discuss their coverage options.
They can advise on the drugs they offer and the associated costs.
Drug prices in Medicare Part D plans
Part D drug plans may include various out-of-pocket costs, including premiums, deductibles, coinsurances, and copayments. However, in 2025, no plan may have a deductible above $590.
There are three stages to Part D plans:
The deductible stage: Not all Part D plans have a deductible, but if your plan does, you must begin at this stage.
The initial coverage stage: Once you pay your deductible in full, you must pay a 25% coinsurance toward the cost of your medications. Some plans may have different coinsurance amounts.
The catastrophic coverage stage: Once you pay $2,000 in out-of-pocket expenses, you enter the catastrophic coverage stage and pay no more toward your medications for the remaining calendar year. In 2026, the out-of-pocket total may increase to $2,100.
How Part D drug plans list their prices
If you have a Medicare Part D prescription drug plan, a private insurer can administer it on Medicare's behalf. The company must follow specific Medicare rules and processes, but it can set costs and decide which drugs to offer.
Each plan has a drug list, known as a formulary, that details the drugs it covers. Formularies typically operate on a tier system, with more expensive medications in higher tiers.
While plan providers can decide which drugs to include in their formularies, per Medicare rules, they must offer some medications, including at least two drugs in the most commonly prescribed categories and classes. Additionally, all plans must offer most of the drugs in specific protected classes. Protected classes include:
antidepressants
anticonvulsants
antipsychotics
cancer medications
HIV medications
immunosuppressants for organ transplants
Before enrolling in a Part D plan, it's important to review the formularies from different companies to ensure that they include your prescription medications. If they're unavailable, you may need to pay out of pocket.
Part D plan formularies explained
Medicare formularies categorize drugs into different tiers. Tiers may include:
generic medications
preferred brand-name medications
nonpreferred brand-name medications
specialty medications
Each drug tier may usually have different out-of-pocket costs, with lower tier drugs often having lower copayments or coinsurances.
What to ask Part D plan providers
Here are some questions to keep in mind when researching different Medicare Part D plan options.
What to ask potential Part D plan providers
Are my prescription medications in the formulary?
What tier are my medications?
What are my cost-sharing responsibilities?
Are there any restrictions applicable to my medications?
How much is the monthly premium?
Frequently asked questions
Here are some common questions and answers about Medicare drug price lists.
Takeaway
There's no specific Medicare drug price list, but drug lists are available from Medicare Part D prescription drug plan providers.
By exploring all available options for Part D drug plans, including the medications listed in plan formularies, you can make informed decisions about your drug coverage and choose a plan that meets your medication and budget needs.
The information on this website may assist you in making personal decisions about insurance, but it is not intended to provide advice regarding the purchase or use of any insurance or insurance products. Healthline Media does not transact the business of insurance in any manner and is not licensed as an insurance company or producer in any U.S. jurisdiction. Healthline Media does not recommend or endorse any third parties that may transact the business of insurance.