Medicare Prepares for Changes in Drug Premiums, Coverage

July 29, 2024, 10:02 PM UTC

The average monthly beneficiary premium for Medicare prescription drug coverage is expected to be $36.78 next year, or $2.08 more than in 2024, the Biden administration announced Monday.

Preliminary Part D bid information released Monday is meant to help Medicare Part D drug plan sponsors finalize their prescription drug and Medicare Advantage offerings and prepare for Medicare open enrollment at the end of the year.

The Centers for Medicare & Medicaid Services also announced a voluntary, nationwide payment demonstration designed to help Part D drug plans adjust to the changing coverage landscape ushered in by the Inflation Reduction Act, which ...

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