Under the Inflation Reduction Act of 2022 (IRA), signed into law by President Joe Biden in August 2022, the federal government capped prescription drug cost inflation and is negotiating drug ...

Over 66% of U.S. adults use at least one prescription drug, according to data gathered by the Health Policy Institute at ...

Medicare is big business. It changes a little or a lot every year, and millions have strong opinions about it.

If you're close to retirement and struggling to afford Medicare Part B, it may be tempting to claim Social Security early.

The Inflation Reduction Act of 2022 has triggered a raft of changes to Medicare Part D plans and Medicare Advantage plans that affect prescription drug coverage in 2025. Here’s what to know.

Medicare Part D covers prescription medications. Costs vary depending on certain coverage phases, including catastrophic coverage. As of January 1, 2025, the Medicare Part D phase, known as the ...

Medicare Part D offers prescription drug coverage ... Part D plans used to have a coverage gap, which people called a “donut hole.” This was a temporary limit on how much your prescription ...

The donut hole was a gap in Medicare Part D prescription drug coverage that occurred between the initial stage and catastrophic stage of coverage. In 2025, new rules under the Inflation Reduction ...

Elimination of the Medicare Part D coverage gap (donut hole) In years past, Medicare beneficiaries had to navigate the so-called donut hole, which was a coverage gap in Medicare Part D because of ...

which was a coverage gap that used to begin after the initial coverage period. Also as of January 2025, Medicare Part D beneficiaries now have an upper limit on how much they’ll need to shell ...

Medicare premiums and deductibles increased in 2025 from 2024 levels, with Part B premiums rising by about 6%. To get the most from your plan, it’s important to understand your out-of-pocket ...