Changes are expected in 2026 due to the effects of the Inflation Reduction Act. While there are many positive changes to the Part D program, such as a new $2,100 maximum out-of-pocket cap and a new Medicare Prescription Payment Plan, the burden of these new mandated programs is being shifted over to the insurance companies….
Q: I recently switched from my employer group plan to a Medicare plan with prescription coverage. I received a letter from the insurance company notifying me that I owed a part D penalty. Why do I get the penalty, and what should I do? A: If you receive a letter indicating that you have a…