Medicare Formulary 2024 Costs. Even with a variety of prescription drug coverage options for people with medicare, about 14 percent of beneficiaries age 65 and older have said they skip or do not fill their prescriptions because of the cost. Generally, the lower the tier, the less you pay.

22, 2024, at 5 pm (pt). If you join a drug plan, check your plan’s drug list (also called a formulary ) to find out what outpatient drugs it covers.