Medicare is changing in 2027: 7 things seniors need to know before open enrollment

The useful part

Medicare beneficiaries may see some significant changes when 2027 arrives, and some of them could hit household budgets harder than expected. Prescription drug deductibles and the annual Part D out-of-pocket limit are rising. New negotiated prices for some widely used medications take effect in January.

How it works

• Even if you're happy with your current coverage, don't assume your Medicare costs, doctors, drug coverage or benefits will remain the same in 2027.
• The Part D drug deductible jumps to $700 For people with Medicare prescription drug coverage, one of the clearest changes is an increase in the standard Part D deductible.

Details worth keeping

Medicare Advantage plans are changing or disappearing in some areas. The standard Medicare Part B premium is also expected to increase. Here are seven changes Medicare beneficiaries should have on their radar.