Folic Acid

Generic name

Folic Acid

Covered by Medicare

Yes

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Average Annual Cost per Beneficiary

$14.50

Average cost per year*

Average Annual Cost per Dose

$0.06

6.19%

Average cost per beneficiary*

Manufacturer(s)

  • Sunrise Pharmac
  • Qualitest/Par P
  • Method Pharmace
  • Marlex Pharm.
  • Leading Pharma
  • Excellium Pharm
  • Eci Pharmaceuti
  • Chartwell Rx Ll
  • Athem, LLC
  • Amneal Pharmace
  • Aiping Pharmace
  • AHP

What is Folic Acid

Folic acid is the man-made form of folate. Folate is a B-vitamin naturally found in some foods. It is needed to form healthy cells, especially red blood cells. Folic acid supplements may come in different forms (such as L-methylfolate, levomefolate, methyltetrahydrofolate). They are used to treat or prevent low folate levels. Low folate levels can lead to certain types of anemia. Conditions that can cause low folate levels include poor diet, pregnancy, alcoholism, liver disease, certain stomach/intestinal problems, kidney dialysis, among others. Women of childbearing age should receive adequate amounts of folic acid either through their diet or supplements to prevent infant spinal cord birth defects. NOTE: This is a summary and does NOT have all possible information about this product. This information does not assure that this product is safe, effective, or appropriate for you. This information is not individual medical advice and does not substitute for the advice of your health care professional. Always ask your health care professional for complete information about this product and your specific health needs.

Drug Trends

*Origin of the terms and chart data used within this page: https://data.cms.gov/

Common Questions About Folic Acid

Yes, Folic Acid is covered by Medicare.

In 2021, the average cost per dose of Folic Acid was $0.06.

The average dose of Folic Acid received per year is 18,818,861 units

201,854 Medicare beneficiaries received Folic Acid in 2021, which was a 2.99% from 2020

There were 688,608 claims made by Medicare beneficiaries, which is a 2.08% from 2020

The average spending amount per claim in 2021 was $4.25

The average Medicare spending per beneficiary amount for Folic Acid was $14.50

The most expensive manufacturer of Folic Acid is AHP

Aiping Pharmace is the least expensive manufacturer with an Average Spending Per Dosage Unit of $0.03

Sunrise Pharmac received $1,119,897.06

The total amount spent on Folic Acid by Medicare is $2,926,818.33

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