Medicare & money
Medicare Part D 2027 Changes: 3 Costs Going Up January 1 and How to Pay Less
Educational only, not medical advice. Talk to your own doctor, nurse practitioner or pharmacist. In an emergency, call 911.
What this video covers
Medicare Part D brings three changes on January 1, 2027, and a hidden subsidy that has been lowering standalone drug plan premiums ends on December 31. In this video, Nurse Ade explains what that means for you, in plain words and real numbers. It is for anyone on Original Medicare with a separate drug plan, and their families. Medicare Advantage members will want the deductible and yearly limit parts too.
You will learn who is affected, and what the end of the temporary premium subsidy and the $50 cap on premium jumps means. The Part D deductible rises from $615 to $700, and the yearly out-of-pocket limit rises from $2,100 to $2,400. Nurse Ade explains why the $41.33 figure you may see online is not anyone’s actual premium, and what is not changing: $35 insulin, free recommended vaccines, and 15 more negotiated drugs getting cheaper. She then gives a step-by-step plan: read your Annual Notice of Change, use open enrollment from October 15 to December 7, and compare plans on Medicare Plan Finder. Free help is available from your State Health Insurance Assistance Program, Extra Help through Social Security, and the Medicare Prescription Payment Plan.
Key points
- Who is affected: one card for everything vs. a separate drug plan card
- The temporary premium subsidy and the $50 cap on premium jumps, both ending December 31
- The deductible rising from $615 to $700, and the yearly out-of-pocket limit rising from $2,100 to $2,400
- What is NOT changing: $35 insulin, free recommended vaccines, and 15 more negotiated drugs getting cheaper
- Your step-by-step plan: the Annual Notice of Change, open enrollment October 15 to December 7, and Medicare Plan Finder
- Free help: your State Health Insurance Assistance Program, Extra Help through Social Security, and the Medicare Prescription Payment Plan
Chapters
- 0:00 The Upcoming Change to Your Drug Premium
- 1:58 Who Is Actually Affected by This Change
- 5:10 Three Major Changes Coming in January
- 8:45 Your Step-by-Step Action Plan
- 11:12 Resources to Help Manage Your Drug Costs
