A new payment option that works with a plan’s current drug coverage to help you manage out-of-pocket Medicare Part D drug costs by spreading them across the calendar year (January-December). Starting in 2025, if you select this payment option, each month you’ll continue to pay the plan premium (if there is one), and will get a bill from the health plan to pay for prescription drugs (instead of paying the pharmacy). Even though you won’t pay for drugs at the pharmacy, you will still be responsible for the costs. If you want to know your drug cost before you take it home, you can call the plan or ask the pharmacist at the pharmacy.

There’s no cost to participate in the M3P. Participation is voluntary.

This payment option might help you manage monthly expenses, but it doesn’t save money or lower drug costs.

For more information, view the Medicare fact sheet:

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It depends on your situation. This payment option might help you manage your monthly expenses, but it doesn’t save you money or lower drug costs. You will benefit from participating in the M3P if you have high drug costs earlier in the calendar year. Although you can start participating in this payment option at any time in the year, starting earlier (like before September), gives you more months to spread out your drug costs before year ends. Click here to find out if you are likely to benefit from this payment option.

This payment option may not be the best choice for you if:

• Yearly drug costs are low.
• Drug costs are the same each month.
• You don’t want to change how you pay for drugs.
• You are eligible for Extra Help from Medicare.
• You are eligible for a Medicare Savings Program.
• You get help paying for drugs from other organizations, like a State Pharmaceutical Assistance Program (SPAP), a coupon program, or other health coverage.