All drug plan premiums I represent are going up due to the new law to help reduce out of pocket cost with Part D prescription drug plans.
Blue cross $16.40 to $ 25.60
Silverscript $24.30 to $40.50
Humana $33.50 to $47.10
United Healthcare $28.30 to $54.20
This video will show exactly how you can find the best plan for you in 2024.
In order to shop your drug plan you will need the following:
A new prescription drug law that went into effect January 1, 2023, will help save money for people with Medicare. This law improves access to affordable treatments and strengthens the Medicare program. Here’s what the law means for you:
People with Medicare Part D drug coverage now pay nothing out-of-pocket for even more vaccines. Your Part D plan won't charge you a copayment or apply a deductible for vaccines that the Advisory Committee on Immunization Practices recommends, including the vaccines for shingles, whooping cough, and more.
Part D insulin costs
Your Medicare drug plan can't charge you more than $35 for a one-month supply of each Part D-covered insulin, and you don’t have to pay a deductible. You’ll pay $35 (or less) for a one-month supply of each Part D-covered insulin product, even if you get Extra Help to lower your prescription drug costs.
If you get a 3-month supply of insulin, your costs can’t be more than $105 ($35 for each month’s supply).
Part B insulin costs
If you use an insulin pump that’s covered under Part B’s durable medical equipment benefit, or you get your covered insulin through a Medicare Advantage Plan, your cost for a month’s supply of Part B-covered insulin can’t be more than $35. The Part B deductible won’t apply. If you have Part B and Medicare Supplement Insurance that pays your Part B coinsurance, your plan should cover the $35 (or less) cost for insulin.
If you get a 3-month supply of insulin, you'll generally pay no more than $105, because your costs can’t be more than $35 for each month’s supply of each covered insulin.