Medicare Part D Change

Yesterday, the Centers for Medicare & Medicaid Services (CMS) finalized the Calendar Year (CY) 2025 Rate Announcement for the Medicare Advantage (MA) and Medicare Part D Prescription Drug (Part D) Programs that updates payment policies for these programs and ensures payment accuracy. Part of the rate announcement was that prescription drug out-of-pocket costs will be capped at $2000 per year. Read more here.