Magellan Rx Medicare Basic (PDP) Monthly Premium
When you enroll in the Magellan Rx Medicare Basic Medicare Part D plan you agree to share the cost of your medications. These costs include a monthly premium, the annual deductible (if any), and pharmacy co-payments.
The premium is $1,016.40 ($84.70 monthly), and there's a $405.00 deductible. For 2018, the maximum Part D deductible is $320. That's up $10 from last year.
You must pay the premium each month, regardless of the number of prescriptions you have filled. You pay 100% of your prescription costs until you have reached the annual deductible. Plus, you make your co-payment at the pharmacy each time you have a prescription filled. These are your share of the costs.
Most people in Missouri with Medicare pay the published amount for their Part D plan. However, if you qualify for Extra Help due to your income, your premium may be lower or cost nothing. If you entered the Part D program late, a penalty may be imposed and your premium will be higher. For an exact rate, contact a Missouri Medicare Insurance Agent to get an exact quote.