New Rules Chip Away at Medicare Part D Costs

Big changes are coming to Medicare Part D drug plans in 2024 and 2025 that will significantly reduce the out-of-pocket costs for seniors, and for many of them eliminate the restrictions of the “donut hole.”

The rules were part of last year’s Inflation Reduction Act, which included other changes to Medicare aimed at reducing the cost of drugs for enrollees, including provisions that took effect in 2023 capping the cost of insulin at $35 per month.

However, the larger out-pocket savings for Medicare Part D enrollees will roll out in the next two years: New Rules Chip Away at Medicare Part D Costs