The Inflation Reduction Act of 2022 made significant design changes to Medicare Part D effective January 1, 2025. The changes will cause an increase in the actuarial value of Medicare Part D coverage, ...

The average total monthly premium for Medicare Part D coverage is expected to fall to $55.50 in 2024, representing a 1.8% decrease from 2023 at $56.49, the Centers for Medicare and Medicaid Services ...

The Medicare Part D penalty is a permanent increase to your premiums for each month you've gone without prescription drug coverage. Many, or all, of the products featured on this page are from our ...

Each year, Medicare beneficiaries are given the opportunity to select a new plan for the upcoming year during the Open Enrollment Period. This year, Open Enrollment begins on October 15 and will run ...

This year, OPM allowed FEHB plans to begin offering Part D coverage to Medicare-eligible enrollees. To be included, the Part D plan must provide prescription drug coverage that, when combined with an ...

As we age, prescription medications often become an essential part of managing our health. Whether it’s for controlling blood pressure, treating diabetes or easing arthritis pain, the cost of ...

The Inflation Reduction of Act of 2022 included improvements to Medicare Part D, and some have already been enacted—$35 insulin, no more member cost share in the catastrophic phase of coverage, and ...

Taking the time to figure out which plan is right is vitally important for the 51 million Medicare beneficiaries with prescription drug coverage. Selecting a Part D prescription drug plan is one of ...

As Medicare Advantage (MA) enrollment grows, the nature of prescription drug benefits will evolve with it, including in profound ways that are not fully recognized by policy makers. When Medicare’s ...