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Medicare Plan Finder Likely Won’t Note New $35 Cap on Out-of-Pocket Insulin Costs

A big cut in prescription drug prices for some Medicare beneficiaries kicks in next year, but finding those savings isn’t easy. Congress approved in August a $35 cap on what seniors will pay for insulin as part of the Inflation Reduction Act, along with free vaccines and other Medicare improvements. But the change came too late to add to the Medicare plan finder, the online tool that helps beneficiaries sort through dozens of drug and medical plans for the best bargain. Officials say the problem affects only 2023 plans. To fix anticipated enrollment mistakes, Medicare officials will give beneficiaries who use insulin a chance to switch plans next year. They can m...

Read the full post at Syndicate – Kaiser Health News
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