Frequently Asked Questions About Medicare Changes in 2027

What is the Medicare Part D out-of-pocket cap for 2027?

The annual out-of-pocket prescription cap is $2,400 for 2027. After you reach this spending threshold on covered drugs, you pay $0 for medications for the remainder of the calendar year.

Why are standalone Part D prescription plans disappearing?

Insurers face increased financial responsibility under the new out-of-pocket caps, leading smaller carriers to exit the market. Consolidation dropped average plan choices from 30 down to 11 per region.

How much will standard Medicare Part B cost in 2027?

The standard Part B monthly premium is projected to climb to $209.50 in 2027, with an annual deductible of $292. High-income earners will pay additional IRMAA surcharges based on 2025 tax returns.

Does Medicare cover medical marijuana or CBD in 2027?

Federal law still prohibits Medicare coverage for traditional medical cannabis. However, select Medicare Advantage plans may offer FDA-recognized GRAS hemp products and doctor-guided CBD pilot allowances of up to $500.