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PlainMedicare

Is venlafaxine covered by Medicare Part D?

5,052 of 5,052 Medicare Part D plan offerings (100%) list venlafaxine on their 2026 formulary, most often on tier 2; 0.3% of the formularies that cover it require prior authorization. Part D spending on it was $136 million in 2024 for at least 993,473 people: what plans and patients paid at the pharmacy, before manufacturer rebates (CMS Part D Spending by Drug).

Plans that cover it
100%
5,052 of 5,052 offerings; the median drug: 76%
Usual tier
Tier 2
from tier 1 to tier 3
Prior authorization
0.3%
of formularies that cover it; the median drug: 1%
Quantity limits
54.6%
of formularies that cover it; the median drug: 30%

1.8% of the formularies that cover it require step therapy (trying another drug first).

Source: CMS Part D formulary file, 2026 second quarter: the formularies in use in 2026. A plan's 2027 formulary can differ; check your own plan's coverage in Medicare Plan Finder.

What does it cost under Part D in 2027?

Your yearly cap in 2027
Out-of-pocket spending on covered Part D drugs stops at $2,400 in 2027 ($2,100 in 2026); after that, you pay nothing for covered drugs for the rest of the year.
The deductible
A plan's drug deductible is at most $700 in 2027 ($615 in 2026); many plans charge less or none.

Source: CMS, Announcement of calendar year 2027 Part D parameters; Medicare.gov, “How much does Medicare drug coverage cost?” (read Oct. 7, 2026).

How much does Medicare spend on it?

Part D spending by year

2020$196 million
2021$193 million
2022$174 million
2023$174 million
2024 (latest)$136 million

993,473 people filled it under Part D in 2024, in 6,157,535 claims. The amounts are what plans and patients paid at the pharmacy, before manufacturer rebates.

Source: CMS Medicare Part D Spending by Drug, 2020 to 2024 (published June 2026). Row used: Venlafaxine Besylate ER (Venlafaxine Besylate), Venlafaxine HCl (Venlafaxine HCl), Venlafaxine HCl ER (Venlafaxine HCl).

Which forms and strengths are counted?

  • 24 hour venlafaxine 112.5 mg extended-release oral tablet
  • 24 hour venlafaxine 150 mg extended-release oral capsule
  • 24 hour venlafaxine 150 mg extended-release oral tablet
  • 24 hour venlafaxine 225 mg extended-release oral tablet
  • 24 hour venlafaxine 37.5 mg extended-release oral capsule
  • 24 hour venlafaxine 37.5 mg extended-release oral tablet
  • 24 hour venlafaxine 75 mg extended-release oral capsule
  • 24 hour venlafaxine 75 mg extended-release oral tablet
  • venlafaxine 100 mg oral tablet
  • venlafaxine 25 mg oral tablet
  • venlafaxine 37.5 mg oral tablet
  • venlafaxine 50 mg oral tablet

and 1 more

Which other versions are listed?

The same ingredients under other names, each with its own coverage and spending.

What else should you check?

Data, not medical advice. Coverage is the share of plan formularies listing the drug; your plan's formulary, tier and pharmacy decide what you pay.