Medicare Part D: How The Finances Work
Co-Pays
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A co-pay is a set dollar amount you pay you pay each time you obtain a drug or other medical service.
With respect to Medicare, when you purchase drugs, the amount of the co-pay generally depends on how many tiers of drug coverage a Plan has, and which tier your drug falls into. For example, under a three tier system, there would be:
- A co-pay for generic drugs
- A higher co-pay for brand name drugs
- An even higher co-pay for more rare, high cost drugs.
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