Story perspectives
Medicare Cuts Drug Plans, Boosts Savings for Beneficiaries
10/12/2025
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Story summary
- Medicare beneficiaries will see a reduction in standalone prescription drug plans from 12-16 options in 2025 to 8-12 in 2026.
- The open enrollment period is from October 15 to December 7, 2023.
- Medicare will negotiate lower prices for ten high-cost drugs, saving beneficiaries an estimated $1.5 billion.
- Average monthly premiums for standalone plans will decrease to $34.50, but some plans may increase deductibles or limit medications.
- Volunteers Assisting Seniors will provide support to beneficiaries during the enrollment period.
