Did The Medicare Prescription Payment Plan’s Fix Make It Worse?

The Medicare Prescription Payment Plan (MPPP, M3P or MP3) will take effect January 1, 2025. It will allow those who have Part D prescription drug coverage to spread the costs out over the year, instead of paying all at once.

As with anything that is brand-new, this plan can be confusing. Because drug plan enrollees need to decide whether or not to enroll (participation is voluntary), getting a handle on how it will work is very important.