Changes to the Part D benefit raise concerns about possible premium increases.
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NEW & NOTEWORTHY

KFF Examines Forces Likely to Shape Medicare Part D Premiums for 2025

A new KFF analysis examines some of the forces that are likely to shape Medicare Part D premiums in 2025, explaining how and why premiums might change.

 

Changes to the Part D benefit in the Inflation Reduction Act will mean lower out-of-pocket costs for Part D enrollees but higher costs for Part D plans overall, leading to concerns about possible premium increases. CMS is taking steps to mitigate potential premium increases through a new demonstration program for stand-alone drug plans, as well as payment changes designed to bring greater stability to the Part D market in 2025.

 

The Inflation Reduction Act includes a provision to cap growth in the base beneficiary premium to 6%. Although the cap doesn’t apply to the individual premiums that plans charge, it does help to limit premium increases. Actual Part D plan premiums for 2025 will be announced in September. Medicare’s annual open enrollment period runs from October 15 to December 7.

Read the brief

CONTACT:

 

Chris Lee | 202.654.1403 | ChrisL@kff.org 

 

KFF should be cited as a nonprofit health policy research, polling, and news organization. 

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