Significant changes in out-of-pocket costs for Medicare plans are expected in 2026. These changes are primarily due to the provisions of the Inflation Reduction Act.

Here are some key points:

Prescription Drug Costs:

• Annual Cap: A $2,100 annual out-of-pocket cap on prescription drug costs will be in place.
• Insulin Costs: The cost of select insulin will be remain capped at $35 per month.
• Coverage Gap Elimination: The coverage gap (also known as the “donut hole”) will be eliminated, meaning you’ll pay less for your prescription drugs.

Other Costs:

• Medicare Part B Premiums: The base beneficiary premium for Part B (medical insurance) is expected to increase slightly.
• Medicare Advantage Plans: While specific costs can vary, Medicare Advantage plans may offer additional benefits or lower premiums to attract enrollees.

It’s important to note that individual costs may vary depending on your specific plan and circumstances.

Contact Jeff to review your Medicare option.