How Much Does Izervay Cost With Medicare?
Izervay (Avacincaptad Pegol) costs an average of $1,581 per Medicare Part D claim, with total Medicare spending of $234.0M in the latest year. A generic version is available, which may reduce out-of-pocket costs.
Key Facts: Izervay Cost
- Medicare Part D avg
- $1,581/claim
- Likely Part D tier
- Tier 4-5 (specialty)
- Annual cost/patient
- $13,000
- Generic available
- Yes — Avacincaptad Pegol
- Manufacturer
- Iveric Bio/Astellas
- Treats
- Eye Diseases
- YoY price change
- 0.0%
Source: CMS Medicare Part D Spending Dashboard. Tier placement inferred from typical formulary norms — confirm with your specific Part D plan.
Izervay Medicare Coverage & Out-of-Pocket Cost
Izervay is covered under Medicare Part D, with the program paying an average of $1,581 per prescription fill. Izervay typically falls on Tier 4-5 (specialty) of standard Part D formularies. Specialty drugs use coinsurance (25-33% of plan-negotiated price), not flat copays. The 2025 Part D annual out-of-pocket cap is $2,000.
Your actual out-of-pocket cost depends on three factors: (1) formulary tier — your plan's specific placement; (2) deductible status — most plans require you to meet up to a $590 deductible (2025) before copays kick in; (3) coverage phase — initial coverage, then the donut hole was eliminated in 2025, replaced by a hard $2,000 annual out-of-pocket cap under the Inflation Reduction Act. Once you hit $2,000 in true out-of-pocket spending, the rest of your Part D drugs are free for the year.
Because generic Avacincaptad Pegol is available, the single biggest savings move is asking your pharmacist about generic substitution. Generics typically sit on Tier 1 with copays under $10, vs Tier 2-3 placement for brand-name Izervay. Most states allow automatic substitution unless your prescriber writes "dispense as written."
For cash-pay or commercial insurance scenarios, compare prices using GoodRx, SingleCare, or Cost Plus Drugs before filling — discount-program prices sometimes beat Part D copays for lower-cost generics.
Izervay is manufactured by Iveric Bio/Astellas and prescribed primarily for Eye Diseases. In the most recent Medicare Part D data, 148,000 claims were filed for 18,000 unique beneficiaries, at an average cost of $1,581 per claim. Average annual cost per beneficiary is $13,000.
Year over year, Medicare spending on Izervay has stayed flat by 0.0%. Because a generic version of Avacincaptad Pegol is available, patients can often substitute to reduce out-of-pocket costs. Its patent expires 2023-01-31.
Key Data
| Metric | Value |
|---|---|
| Avg Cost Per Claim | $1,581 |
| Total Medicare Spending | $234.0M |
| Total Claims | 148,000 |
| Beneficiaries | 18,000 |
| Generic Available | Yes |
| Year-Over-Year Change | 0.0% |
Other Drugs for Eye Diseases
Frequently Asked Questions
Medicare Part D pays an average of $1,581 per claim for Izervay. Izervay is typically placed on Tier 4-5 (specialty) of standard Part D formularies. Specialty drugs use coinsurance (25-33% of plan-negotiated price), not flat copays. The 2025 Part D annual out-of-pocket cap is $2,000. As of 2025, total annual out-of-pocket on Part D is capped at $2,000 under the Inflation Reduction Act.
Yes. Izervay appears in Medicare Part D claims data, with 18,000 beneficiaries filling 148,000 prescriptions in the latest year. Specific coverage depends on your plan's formulary — call the number on your insurance card or check the plan's Summary of Benefits to confirm prior authorization, step therapy, or quantity limit requirements.
Izervay (Avacincaptad Pegol) costs an average of $1,581 per Medicare Part D claim, with total Medicare spending of $234.0M in the latest year. A generic version is available, which may reduce out-of-pocket costs.
Yes. A generic version of Avacincaptad Pegol is available, which typically costs 80-95% less than brand-name Izervay. Ask your pharmacist about generic substitution — most state laws allow automatic substitution unless your prescriber writes "dispense as written."
Medicare beneficiaries cannot use manufacturer copay cards (anti-kickback statute), but several options exist: (1) Apply to charity copay foundations like the PAN Foundation, NeedyMeds, HealthWell Foundation, or Patient Advocate Foundation — many cover eye diseases drugs; (2) Ask your prescriber about therapeutic alternatives in the same drug class that may be on a lower tier; (3) For some drugs, paying cash via GoodRx or Cost Plus Drugs can beat your Medicare copay — always compare before filling; (4) If your income is below 150% of the federal poverty level, you may qualify for the Medicare Extra Help (Low-Income Subsidy) program, which reduces Part D costs to near-zero.
Izervay is manufactured by Iveric Bio/Astellas. The FDA application number is BLA125057.
Izervay (Avacincaptad Pegol) is primarily prescribed for Eye Diseases.
Medicare Part D spending on Izervay has stayed flat 0.0% year over year. Total program spending reached $234.0M in the latest reporting year.
Izervay (Avacincaptad Pegol) costs an average of $1,581 per Medicare Part D claim, with total Medicare spending of $234.0M in the latest year. A generic version is available, which may reduce out-of-pocket costs.
This answer pulls from CMS Medicare Part D Drug Spending data, the authoritative federal source for U.S. Medicare prescription-drug pricing. The headline number above is the direct answer; what follows is the additional context most readers need to use the answer for a real decision rather than just a fact lookup.
For readers turning this answer into action: cross-reference against the underlying CMS Medicare Part D Drug Spending data record before acting on time-sensitive decisions. The site renders the data as it was published; subsequent revisions can shift the picture, and the live federal data is always the authoritative current reference.
Source: CMS Medicare Part D Spending, 2026.