What to Know About Medicare Part D Premiums

(By Juliette Cubanski and Tricia Neuman for The Kaiser Family Foundation Published: Aug 01, 2024)

The Inflation Reduction Act of 2022 includes several provisions to lower prescription drug costs for people with Medicare and reduce drug spending by the federal government, including several changes to the Part D benefit. These changes, including a new $2,000 cap on out-of-pocket drug spending, will help to lower out-of-pocket costs for Part D enrollees but could also make it harder for some Part D plan sponsors to offer low-priced coverage, particularly sponsors of stand-alone prescription drug plans (PDPs). Continue reading here…

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