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How are Medicare benefits changing for 2026?
Changes to 2025 Medicare coverage include a $2,000 cap on Part D out-of-pocket costs, small reductions in the average premium for Medicare Advantage and Part D plans, increases for Medicare Part B and Part A premiums and cost-sharing, and adjustments to income-related premium surcharges for Part B and Part D.
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What is the income-related monthly adjusted amount (IRMAA)?
For 2025, high-income beneficiaries – earning over $106,000 a year – pay an IRMAA surcharge that’s added to their Part B and Part D premiums and determined by income from their income tax returns two years prior.
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prescription drug coverage

How the Inflation Reduction Act has improved Medicare prescription drug coverage photo

How the Inflation Reduction Act has improved Medicare prescription drug coverage

January 17, 2025 – This year, Medicare Part D enrollees should pay particularly close attention to changes in 2024 prescription drug coverage costs resulting… Read more

Medicare beneficiaries could face higher premiums for 2024 Medicare Part D prescription drug plans photo

Medicare beneficiaries could face higher premiums for 2024 Medicare Part D prescription drug plans

December 4, 2023 – On this site, I consistently encourage Medicare enrollees to comparison shop each year, rather than allowing their existing Medicare… Read more

Medicare Heads Up: November 1, 2019 photo

Medicare Heads Up: November 1, 2019

November 1, 2019 – Welcome to Medicare Heads Up, a regular feature intended to deliver state and national Medicare-related headlines that will keep consumers… Read more

Paying through the nose for prescription drugs photo

Paying through the nose for prescription drugs

August 8, 2015 – Americans pay far more for their prescription medications than citizens of any other country. In fact, we pay almost 40 percent more than… Read more