Corso Insure Specializing in Medicare Health Insurance Plans

Your Part D plans are also subject to IRMAA. Here are the IRMAA rates for Part D in 2025 (for married couples filing jointly).

While most beneficiaries pay the standard Part B premium, high-income earners are subject to IRMAA, the Income-Related Monthly Adjustment Amount. Here are the IRMAA amounts for Part B in 2025 (for married couples filing jointly).

Be on the lookout for changes to the Part B premium and deductible in 2025!

And finally, the last Part D coverage phase: Catastrophic Coverage.

After you spend $2,000 on covered prescriptions, you'll enter the catastrophic coverage phase. You will not have any copays or coinsurance amounts due during this final phase of coverage.

Medicare prescription drug plans are going to work a bit differently in 2025. Since the coverage gap (also known as the donut hole) is officially GONE, prescription plans will now only have 3 phases of coverage instead of 4. We'll take you through each phase this week.

Today, we're starting with the first phase of coverage: The Deductible Phase.

Everyone starts here. During this phase, you'll be working to meet your deductible. The standard Part D deductible in 2025 is $590. Your plan could have a lower deductible, but no plan will be higher than $590.

The deductible may not apply to all your prescriptions. Drug formularies are arranged in tiers. Drugs in the lower tiers (common, generic medications) often don't require a deductible. Drugs in higher tiers (specialized, name-brand medications) usually do.

If any of your prescriptions fall into higher tiers, you'll need to meet your deductible before the plan begins to pay for a portion of your medications.