Medicare Part D changes may cause higher premiums, fewer market options
The Council for Affordable Health Coverage is concerned about the decreasing number of Medicare Part D providers in the market as low-income options. Part of the Inflation Reduction Act went into effect July 1 and more changes will be spread out from now in the next two years.
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The Medicare Part D timeline 2024-2026
Changes to Medicare Part D prescription drug coverage are on the way.
Under the Inflation Reduction Act, new policies were rolled out this year and more changes will be spread out over the next two years.
Some of the changes include annual out-of-pocket costs will be capped at $2,000 for people with Medicare Part D in 2025 and the government will set prices in Part D program for the most-used drugs in Medicare in 2026.
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