Medicare open enrollment opens with Part D changes
Medicare open enrollment opened Oct 15 and runs through Dec 7. Changes take effect Jan 1.
The Part D out-of-pocket cap rises to $2,400 from $2,100. The standard deductible rises to $700 from $615.
The temporary Part D premium stabilization program ends this year. CMS still projects the average standalone drug plan premium rises less than $1 a month, to about $36.
Average Medicare Advantage premiums are projected to fall to $12.00 from $14.37.
Negotiated prices for 15 drugs, including Ozempic, Wegovy and Rybelsus, take effect Jan 1, AP reports.
Social Security’s cost-of-living adjustment for 2027 is 3.6%, about $75 a month.
Why it matters
Premiums are flat or lower, so most of the 2027 cost change lands in deductibles and the cap, which people only feel once they start filling prescriptions.
Judi Health
