We found the 22 best Medicare Part D Plans in Maryland. Sign-up for 2024 Medicare Part D plan notification HERE.
- The average premium is $46.85 per month, however the lowest premium is just $7.60.
- The average drug plan deductible is $401 per year, but 3 plans have a zero-dollar deductible.
- Medicare rated 0% of all plans available in Maryland 4 stars or higher.
- There are 8 basic benefit plans and 14 enhanced benefit plans.
- A total of 5 plans offer full low-income subsidy (LIS) for those who qualify.
- There are 4 plans that have additional coverage in the coverage gap phase (aka, "donut hole").
- 2024 Medicare Prescription Drug Plans (PDP) will be published in early October. Sign-up to be notified.
We also ranked the best Medicare Advantage plans with Part D in Maryland for 2024.
Maryland Medicare Part D Plans
|Plan Name||Premium||Deductible||Benefit Type||LIS||Gap
|AARP MedicareRx Preferred||$112.00||$0||Enhanced||No||Yes||Yes|
|AARP MedicareRx Saver Plus||$44.90||$505||Basic||No||No||No|
|AARP MedicareRx Walgreens||$28.30||$350||Enhanced||No||No||No|
|Cigna Extra Rx||$56.90||$100||Enhanced||No||Yes||Yes|
|Cigna Saver Rx||$12.90||$505||Enhanced||No||No||No|
|Cigna Secure Rx||$35.30||$505||Basic||Yes||No||No|
|Clear Spring Health Premier Rx||$19.50||$505||Enhanced||No||No||No|
|Clear Spring Health Value Rx||$31.50||$505||Basic||Yes||No||No|
|Humana Basic Rx Plan||$39.10||$505||Basic||Yes||No||No|
|Humana Premier Rx Plan||$86.00||$300||Enhanced||No||Yes||Yes|
|Humana Walmart Value Rx Plan||$39.00||$505||Enhanced||No||No||No|
|Mutual of Omaha Rx Essential||$20.90||$505||Enhanced||No||No||No|
|Mutual of Omaha Rx Plus||$90.10||$505||Basic||No||No||No|
|Mutual of Omaha Rx Premier||$89.20||$505||Enhanced||No||No||Yes|
|Wellcare Medicare Rx Value Plus||$71.30||$0||Enhanced||No||No||No|
|Wellcare Value Script||$10.10||$505||Enhanced||No||No||Yes|
Please note that 2024 Medicare Part D plan information for Maryland beneficiaries will not be available until early October.
Sign-Up for 2024 Medicare Part D Plan Notification
Every Part D Plan in Maryland Has 4 Cost Phases
Medicare prescription drug plans are designed to help Medicare beneficiaries pay for their prescription drugs. Some of the cost-sharing concepts of these plans are foreign to new Medicare beneficiaries, so let's look at the four phases.
The Deductible is the First Phase
A Medicare Part D plan's deductible is the amount you pay out-of-pocket before the initial coverage phase begins and the plan begins paying its share. So, if you enroll in a plan with a $225 deductible, you'll spend that much at the pharmacy for your prescriptions. After that amount, you will pay the copay amount only until you reach the coverage gap. Most Medicare prescription drug plans have a deductible, however, many plans exclude Tier 1 drugs from the deductible, which gives you first-dollar coverage on most lower-cost medications.
NOTE: The maximum Part D plan deductible in 2023 is $505.
The 2nd Phase is the Initial Coverage Limit (ICL)
For 2023, the Part D Initial Coverage Limit (ICL) is $4,660. Your Part D plan will pay the bulk of your prescription cost during the ICL phase. If your costs exceed $4,660, then you will be in the coverage gap phase (aka "doughnut hole")
Phase 3 is the Coverage Gap
After your gross drug costs have reached $4,660, you will enter the Coverage Gap phase. This is where you will pay 25% of your medication's retail cost. While the price of generic drugs might not be much different, what you pay for brand-name drugs will be higher (because you're paying 25% of the full price). This will continue until you reach $7,400 in True Out Of Pocket Costs (TrOOP).
Some plans offer additional gap coverage, so look for it on the plan information pages.
The Fourth Phase is Catastrophic Coverage
All Part D plans offer catastrophic coverage once you have paid $7,400 in true out-of-pocket costs for covered drugs. This amount includes the cost of covered drugs as well as some additional costs. In the catastrophic coverage phase, your copays or coinsurance will be significantly lower for the remainder of the year.
The out-of-pocket costs that help you get catastrophic coverage include:
- Your plan's deductible;
- What you paid during the initial coverage limit period;
- Most of the full cost of brand-name drugs (and the manufacturer’s discount) purchased in the coverage gap;
- The amount paid by others, including family members, most charities, and other persons on your behalf; and
- The amount paid by State Pharmaceutical Assistance Programs (SPAPs), AIDS Drug Assistance Programs, and the Indian Health Service.
Choose Your Part D Plan with Care
Don't make a decision on your choice of Part D Medicare plans based on the premium and deductible alone. It's critical that you verify that your medications are covered. You find this information, and the co-payment tiers, in the formulary. On each PDP page (above) we post links to the formulary and pharmacy web pages, and the phone numbers to contact the plan.
VITAL: Identifying the best Medicare Part D Plans requires research. What works the best for you is all about your regular prescriptions (if any), your health, and what you can afford.
Did you Know Most Medicare Advantage Plans Include Prescription Benefits?
Your Medicare benefits are flexible, and there's more than one way to get prescription drug coverage. If you want to keep your Original Medicare, you can enroll in one of the stand-alone prescription drug plans available in Maryland. The other way to get Part D coverage is to enroll in one of the many Medicare Advantage Plans available in Maryland that include Part D benefits.
Combining a Medicare Supplement and Medicare Part D Benefits
Are you thinking about supplemental Medicare insurance that can offer you more coverage? It's a smart move. Original Medicare only covers about 80 percent of your major medical bills, leaving you to cover the rest. We make it easy to find the lowest rates on Maryland Medicare Supplements, also known as Medigap plans. The choice is yours because all Part D plans are compatible with the full range of Maryland Medicare Supplements.
Getting Medicare Part D with Maryland Medicaid
In Maryland, if you are eligible for both Medicare and Medicaid (aka, "dual eligible" or "Medi-Medi") you will automatically be enrolled in a Maryland Medicare Prescription Drug Plan and the Social Security Extra Help program. Extra Help pays for most of the costs of your prescriptions if you meet the eligibility requirements. You may also enroll in a plan of your own choosing that better meets your needs. If you qualified for Medicaid before you were eligible for Medicare, contact your local Medicaid office.
Medicare Advantage and Part D plans and benefits offered by the following carriers: Aetna Medicare, Anthem Blue Cross Blue Shield, Aspire Health Plan, Centene Corporation, Dean Health Plan, Devoted Health, GlobalHealth, Health Care Service Corporation, Cigna-HealthSpring, Humana, Molina Healthcare, Mutual of Omaha, Oscar Health Insurance, Premera Blue Cross, Medica Central Health Plan, SCAN Health Plan, Scott and White Health Plan now part of Baylor Scott & White Health, and UnitedHealthcare.
Citations & References
- Medicare.gov, "How to get prescription drug coverage", Last Accessed September 3, 2022
- Benefits.gov, "Medicare Prescription Drug Plans", Last Accessed September 1, 2022
- Medicare.gov, "Catastrophic coverage", Last Accessed June 13, 2022
- Medicare.gov, "What's Medicare Supplement Insurance (Medigap)?", Last Accessed June 7, 2022
- SSA.gov, "Extra Help with Medicare Prescription Drug Plan Costs", Last Accessed June 1, 2022
- CMS.gov, "Landscape Source Files", Last Accessed January 15, 2023
- CMS.gov, "Medicare Part C & D Performance", Last Accessed January 15, 2023