Medicare 2025: Understanding the Cap 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, after you reach that threshold, you won’t pay a penny extra for covered medications for the remainder of the year. For those of us who use costly drugs—such …