True or False: The Medicare Prescription Payment Plan helps manage out-of-pocket Part D costs by spreading prescription expenses over monthly payments.

The statement regarding the Medicare Prescription Payment Plan is accurate. The Medicare Prescription Payment Plan is designed to assist beneficiaries in managing their out-of-pocket costs associated with Medicare Part D, which covers prescription medications. By allowing members to spread their prescription expenses over monthly payments, the plan provides financial relief and makes it easier for beneficiaries to budget their healthcare expenses throughout the year.

This feature is especially beneficial for those who may be on multiple medications or who have chronic conditions requiring frequent prescriptions, as it alleviates the burden of potentially high upfront costs. The ability to make manageable monthly payments ensures that beneficiaries can access their medications without facing significant financial hardship all at once.