Medicare Part D has been a lifeline for millions of Americans, particularly seniors and individuals with disabilities, in managing the rising cost of prescription drugs. Since its introduction in 2006 ...

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 ...

The national average bid amount for Part D plans will increase from $64.28 in 2024 to $179.45 in 2025, according to information released Monday by the Centers for Medicare and Medicaid Services. The ...

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 ...

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 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 ...

Whether you retired at the full retirement age or chose to retire early, you're eligible to enroll in Medicare three months before your 65th birthday. Once you've enrolled, you can make changes to ...

The cost of Medicare Part D depends on the plan you enroll in. You may find that your costs rise if your medication needs change. You may also be subject to a surcharge that raises the cost of your ...