Why Your Part D Deductible Matters TopicsPopular TopicsMost Recent Medicare Working Past 65 Lifestyle & Wellness Considering Retirement Existing Clients Employer Monthly Webinars A deductible is a cost that you must pay at the beginning of the year before you begin paying the assigned copay or coinsurance amount for your medications. In order to satisfy the deductible, you can expect to pay the full cost of your medications when you pick them up from the pharmacy. Once you have satisfied your plan’s deductible amount, you will begin paying the assigned copays or coinsurances for your medications according to your plan’s Summary of Benefits. Here are some facts about Medicare’s Part D Deductible: In 2019, it can be as high as $415 The specific amount is determined by your insurance plan It starts over each year Deductible amounts change each year It only needs to be satisfied once per year It’s necessary to be aware of your plan deductibles in order to have an accurate idea of your annual costs. Drug costs are an important factor in your health coverage! If you have any questions, please contact our team at 1-877-222-1942 or firstname.lastname@example.org. Stay informed about Medicare An easy way to stay updated on Medicare and any important changes is to sign up for the free, customizable RetireMEDiQ newsletter. Based on your personal preferences and interests, helpful articles and community-related content will be sent directly to your inbox. Sign up for our newsletter Yes! Tell me more about Medicare and help me explore my options.Name First Email* Date of BirthMonth123456789101112Day12345678910111213141516171819202122232425262728293031Year202120202019201820172016201520142013201220112010200920082007200620052004200320022001200019991998199719961995199419931992199119901989198819871986198519841983198219811980197919781977197619751974197319721971197019691968196719661965196419631962196119601959195819571956195519541953195219511950194919481947194619451944194319421941194019391938193719361935193419331932193119301929192819271926192519241923192219211920Phone*By entering your information, you are authorizing RetireMEDiQ to communicate with you directly regarding Medicare news and health care coverage.vidhiddenCommentsThis field is for validation purposes and should be left unchanged.