Medicare Part D premiums are set to rise sharply as a key federal subsidy is scaled back. The Trump administration plans to ...

Trump administration aims to soften the blow by negotiating with insurers.

Table 1: Average 2024 Medicare Part D premiums by plan type and urban-rural classification (percent change in county of plans in 2024 vs. 2021 in parentheses) ...

You are turning 65 sometime in the calendar year, and you have heard about the rigors of establishing your own Medicare plan.

As of Jan. 1, 2025, people with prescription drug coverage through Medicare Part D or a Medicare Advantage Plan have a $2,000 spending cap on out-of-pocket costs for prescriptions covered by their ...

After 2005, Medigap plans also stopped including prescription drug coverage. However, you can purchase a stand-alone prescription drug (Part D) plan from a Medicare-approved private insurance company.

The share of stand-alone Part D prescription drug plans using co-insurance for preferred branded drugs sharply increased from 9.9% in 2020 to 71.9% in 2024, researchers found.