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- A new Medicare season begins , but some shifts will arrive in 2027
Open enrollment for Medicare plans begins Thursday and runs until Dec. 7, letting enrollees choose between traditional Medicare, Medicare Advantage plans and prescription drug plans, with changes taking effect Jan. 1, 2027. The Part D out-of-pocket cap will rise to $2,400 from $2,100, the standard deductible will increase to $700 from $615, and a temporary federal Part D premium subsidy will end at year's end. New Medicare-negotiated prices for 15 drugs, including Ozempic, Rybelsus and Wegovy, will take effect, and CMS expects this to lower prescription drug coverage by $685 million in 2027. Separately, Social Security benefits will rise 3.6% in 2027, about $75 more per month, while President Trump said one-time $90 payments will go to more than 20 million Medicare enrollees in October.
- A new Medicare season begins , but some shifts will arrive in 2027
Medicare open enrollment starts Thursday and runs until December 7, as enrollees face changes taking effect in 2027, amid inflation pressure on seniors and midterm elections weeks away. The Part D out-of-pocket cap rises to $2,400 from $2,100 in 2026, the standard deductible increases from $615 to $700, and the temporary Part D premium subsidy ends early. Medicare-negotiated prices for 15 drugs, including Ozempic, Rybelsus and Wegovy, take effect in 2027, and CMS expects this to lower prescription drug coverage for enrollees by $685 million. Social Security benefits will rise 3.6%, or $75 more per month for nearly 72 million recipients, and the increase also translates to extra payments for about 7.3 million SSI beneficiaries. President Trump also announced $90 one-time payments in October for more than 20 million people paying Part B premiums, and roughly 1 million people will receive $500 rebate checks for ACA premiums.
- A new Medicare season begins , but some shifts will arrive in 2027
Medicare open enrollment starts Thursday and runs through Dec. 7, letting enrollees choose between traditional Medicare, Medicare Advantage and prescription drug plans, with changes effective Jan. 1. The 2027 cost-of-living increase of 3.6% for Social Security adds about $75 per month for nearly 72 million beneficiaries and 7.3 million SSI recipients. Part D's annual out-of-pocket cap rises to $2,400 from $2,100, the standard deductible increases from $615 to $700, and the temporary Part D premium subsidy ends. New Medicare-negotiated prices take effect for 15 drugs, including Ozempic, Rybelsus and Wegovy, and CMS expects the change to lower prescription drug coverage for enrollees by $685 million in 2027. President Trump also promised one-time $90 payments in October to more than 20 million enrollees to help with Part B premiums, at a cost of about $2 billion.
- A new Medicare season begins , but some shifts will arrive in 2027
Medicare open enrollment starts Thursday and runs through Dec. 7, letting people choose between traditional Medicare, Medicare Advantage plans and prescription drug plans for coverage starting Jan. 1, 2027. The Social Security cost-of-living adjustment rises 3.6% in 2027, adding $75 a month for nearly 72 million beneficiaries and about 7.3 million people on Supplemental Security Income. The Part D out-of-pocket cap rises to $2,400 from $2,100, the standard deductible increases from $615 to $700, and a temporary federal Part D premium subsidy ends early at year's end. Medicare-negotiated prices for 15 drugs, including Ozempic, Rybelsus and Wegovy, take effect Jan. 1, and CMS expects the change to lower prescription drug coverage for enrollees by $685 million in 2027. Trump said one-time $90 payments will go out in October to more than 20 million enrollees to help with Part B premiums, costing about $2 billion, but roughly 35 million Medicare Advantage enrollees are excluded.
- New Medicare season begins , but some shifts will arrive in 2027
Medicare open enrollment begins Thursday and runs until Dec. 7, letting people choose between traditional Medicare, Medicare Advantage and prescription drug plans for coverage starting Jan. 1. Key 2027 changes include a Part D out-of-pocket cap of $2,400 (up from $2,100), a standard deductible rising from $615 to $700, the early end of a temporary Part D premium subsidy, and new negotiated prices for 15 drugs including Ozempic, Rybelsus and Wegovy. Social Security benefits rise 3.6%, about $75 more per month for nearly 72 million recipients. David Lipschutz, co-director of the Center for Medicare Advocacy, warns that some Medicare Advantage plans are leaving areas and cutting benefits such as dental coverage, causing more disruption than usual. President Donald Trump also promised one-time $90 Part B premium payments for more than 20 million enrollees, and $500 rebate checks for about 1 million people on ACA premiums.
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