How the Inflation Reduction Act Will Affect Medicare Part D Costs in 2025

Martinez Insurance

Published on: 06/06/2024

The Inflation Reduction Act (IRA), passed in 2022, introduces several significant changes to Medicare Part D, particularly impacting out-of-pocket costs for beneficiaries starting in 2025. These changes are designed to make prescription drugs more affordable and accessible, but they also present challenges for private insurers who administer Part D plans.