Does Medicare Cover Medicine?

Our agents are here to help you: 1-888-264-0148

Start online

Typically, Medicare does not cover medication. However, there are exceptions to this rule. For instance, drugs that are administered during inpatient hospital treatment may be covered by Medicare Part A.

 Part B of Medicare can include coverage for the following types of outpatient medicine:

  • Antigens
  • Injectable osteoporosis drugs
  • Injections and oral medicine for the treatment of End-Stage Renal Disease
  • Injections of blood clotting factors to treat hemophilia
  • Certain nutrients for intravenous or tube feeding
  • Intravenous Immune Globulin (IVIG) for the treatment of primary immune deficiency disease
  • Vaccinations for the flu, Hepatitis B and Pneumococcal disease. Other vaccines may be covered when directly related to the treatment of an injury or illness.
  • Transplant (or immunosuppressive) drugs
  • Oral cancer drugs
  • Oral anti-nausea drugs

Prescription Drug Costs

For prescription drugs received in a doctor’s office or pharmacy, Medicare Part B enrollees will typically be responsible for 20% of the Medicare-approved amount once the Part B deductible is met. Drugs that are received by a hospital outpatient require a copayment that can vary in cost.

Medicare Part A covers certain prescription drugs related to pain relief and symptom control during hospice care. These drugs require a copayment of no more than $5.  

The coverage parameters for specific drugs and medications can be found on Medicare.gov.

Additional Medicare Drug Coverage

Medicare Part C and Part D also offer drug coverage in various forms.

Medicare Part D consists of an optional collection of prescription drug plans that can be used in combination with Original Medicare. Each drug plan will vary in regards to the drugs that are covered, the amount at which they are covered and the overall cost of the plan. Medicare Part D plans may come with premiums, deductibles, copayments and coinsurance.

Medicare Part C, better known as “Medicare Advantage,” is a collection of plans that offer the same coverage as Original Medicare while also offering additional benefits that vary by plan. Some of the added benefits may include a Medicare Part D plan (MA-PD). Medicare Advantage plans may also come with their own out-of-pocket costs that can vary from insurer to insurer.

Additional Ways to Save

An additional way to save money on medication through your Medicare coverage is with a Medicare supplement (or “Medigap”) plan. These plans are used in combination with Original Medicare to provide coverage for out-of-pocket costs such as deductibles, copayments and coinsurance.

There are eight Medigap plans that offer full coverage for the Medicare Part B coinsurance, meaning the 20% cost-sharing requirement for covered medicines can be covered in full. An additional two plans offer partial coverage for Medicare Part B coinsurance.

There are also two Medigap plans that offer full coverage for the Part B deductible, an amount which must be met before any drug coverage can begin.

To compare the basic benefits of all 10 standardized Medigap plans, refer to the chart below.

For more information about Medicare Supplement Insurance, speak with a licensed agent at 888-264-0148.

To learn about the other services that Medicare covers, read through our guide, What Does Original Medicare Cover?

----------

Sources:

Medicare.gov: https://www.medicare.gov/coverage/prescription-drugs-outpatient.html

https://www.medicare.gov/coverage/your-medicare-coverage.html

Resource Center

Will Medicare Cover My Rehab?

Does Medicare cover rehab? If you’re recovering from an injury, here’s what you need to know about Medicare’s coverage of care.

Read More

Medicare Coverage for Diabetic Supplies

Depending on the type of diabetic supplies you need, Medicare Part B may cover them. Diabetic supplies paid for by Medicare include testing devices.

Read More

Medicare and Sexual Health

Medicare provides limited sexual health coverage for beneficiaries. Learn what important treatments, services and devices are covered, and which ones aren't.

Read More

Original Medicare Benefits

Find out what types of services Medicare covers and what limits you can expect from your coverage.

Read More

Medicare and Your Mental Health Benefits

Together, Medicare Part A and Part B help cover some mental health services. Learn more!

Read More

Medicare Coverage for Kidney Failure and Dialysis

Health care costs are covered for Medicare patients with renal disease. Services for ESRD and acute kidney injury include dialysis at a facility or at home.

Read More

What to Know About the Republican Health Care Bill

The Senate has kept the newest health care bill under wraps. Here are five things to know about it.

Read More

What To Eat If You Have Arthritis

Adding these 7 foods to your diet can help reduce your risk for arthritis and help ease your joint pain symptoms.

Read More

Medicare and Sexual Health

Medicare provides limited sexual health coverage for beneficiaries. Learn what important treatments, services and devices are covered, and which ones aren't.

Read More

Your information is safe with us.

Our agents are here to help you1-888-264-0148