Here's What's New for 2027
Prescription Drug Coverage Continues to Improve
Medicare prescription drug reforms continue into 2027, helping many beneficiaries better manage their medication costs. While your exact costs will depend on your plan and the medications you take, beneficiaries continue to benefit from the redesigned Medicare Part D program, making prescription expenses more predictable than in previous years. (Centers for Medicare & Medicaid Services)
Medicare Prescription Payment Plan Continues in 2027
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This voluntary program allows beneficiaries with a Medicare Part D prescription drug plan or a Medicare Advantage plan with drug coverage to spread their out-of-pocket prescription drug costs into monthly payments throughout the year instead of paying larger amounts at the pharmacy all at once.
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This program does not reduce your total drug costs, but it can make budgeting easier by spreading payments over time.
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This option may be especially helpful for individuals who take high-cost medications early in the year. (Medicare)
Medicare GLP-1 Bridge Program Through 2027
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A new temporary Medicare demonstration called the Medicare GLP-1 Bridge Program has been established and is expected to continue through December 31, 2027.
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Eligible Medicare beneficiaries enrolled in Part D may qualify to receive certain FDA-approved GLP-1 weight-loss medications through this program. The demonstration operates separately from the standard Part D benefit and has its own eligibility requirements and approval process.
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CMS states that eligible participants generally pay a $50 monthly copayment for covered medications under the program. (Centers for Medicare & Medicaid Services)
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Because eligibility is limited, not everyone with Medicare will qualify. If you're interested in learning whether this program may apply to you, talk with your healthcare provider and review the CMS eligibility requirements.
Your Medicare Advantage or Part D Plan May Change
Even if you're happy with your current plan, insurance companies make annual changes that may affect:
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Monthly premiums
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Prescription drug formularies
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Provider and pharmacy networks
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Copays and deductibles
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Supplemental benefits such as dental, vision, hearing, transportation, or over-the-counter allowances
Reviewing your Annual Notice of Change (ANOC) each fall can help you understand how your current plan is changing for the coming year. (Centers for Medicare & Medicaid Services)
General disclaimers
This website is operated by MediLife & Health, LLC. Nothing contained herein constitutes nor is intended to constitute an offer, inducement, promise, or contract of any kind, or a recommendation to purchase insurance from any particular insurance company at any particular level of benefits or plan design. MediLife & Health, LLC is not an insurance company. In offering this website, MediLife & Health, LLC is required to comply with all applicable federal laws, including the standards established under 45 CFR 155.220(c) and (d) and standards established under 45 CFR 155.260 to protect the privacy and security of personally identifiable information. MediLife & Health, LLC intends that the general and insurance specific information contained on this web site be accurate and reliable, however, MediLife & Health, LLC makes no warrantees or representations as to the completeness, accuracy or timeliness of the web site materials. The company will not be liable for any damages of any kind from or relating to the use of, or reliance upon, results obtained by users from the web site and related services.
The benefits mentioned are Special Supplemental Benefits for the Chronically Ill (SSBCI). You may qualify for SSBCI if you have a high risk for hospitalization and require intensive care coordination to manage chronic conditions such as Chronic Kidney Diseases, Chronic Lung Disorders, Cardiovascular Disorders, Chronic Heart Failure, or Diabetes. For a full list of chronic conditions or to learn more about other eligibility requirements needed to qualify for SSBCI benefits, please refer to Chapter 4 in the plan’s Evidence of Coverage.
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1–800–MEDICARE (TTY users should call 1-877-486-2048) 24 hours a day/7 days a week to get information on all of your options.