Medicare 2025: Understanding the Limit on Out-of-Pocket Drug Costs
Medicare Coverage 2025 If you’re worried about rising prescription drug costs, Medicare is stepping in with a big change in 2025 that could keep more money in your pocket. Thanks to the Inflation Reduction Act, Medicare Part D will cap annual out-of-pocket drug costs at $2,000 starting January 1, 2025. That is, once you reach that threshold, you won’t pay a penny extra for covered drugs for the remainder of the year. If you depend on costly medications—such as cancer …