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Submitted URL: https://www.medicare.gov/about-us/inflation-reduction-act
Effective URL: https://www.medicare.gov/about-us/prescription-drug-law
Submission: On May 22 via api from US — Scanned from DE
Effective URL: https://www.medicare.gov/about-us/prescription-drug-law
Submission: On May 22 via api from US — Scanned from DE
Form analysis
4 forms found in the DOMGET /search/medicare
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<input data-drupal-selector="edit-submit" type="submit" id="edit-submit" value="Search" class="button js-form-submit form-submit ds-c-button ds-c-button--solid">
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POST /about-us/prescription-drug-law
<form class="medicare-email-signup-form" data-drupal-selector="medicare-email-signup-form" action="/about-us/prescription-drug-law" method="post" id="medicare-email-signup-form" accept-charset="UTF-8">
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<label for="edit-step1-consent" class="m-evo-label ds-c-label option js-form-required form-required"><span><span> By checking this box, you consent to our <a href="/privacy-policy">data privacy policy</a>. </span></span></label>
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<input name="consent" type="checkbox" id="prefix-consentPolicyInput"> <label for="prefix-consentPolicyInput" id="prefix-consentPolicyLabel">By checking this box, you consent to our
<a href="https://www.medicare.gov/privacy-policy" target="_blank" rel="noopener noreferrer">data privacy policy</a>.</label>
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<label for="q_74299" style="text-transform: uppercase;">Please tell us which best describes you</label>
<div id="prefix-questions"><select name="q_74299" class="prefix-questionId" id="prefix-q_74299" disabled="" tabindex="-1">
<option value="228746">I currently have Medicare</option>
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<option value="228748">I am a caregiver for someone who has Medicare</option>
<option value="228749">Other </option>
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<label for="q_65497" style="text-transform: uppercase;">Select your state</label>
<div id="prefix-questions"><select name="q_65497" id="prefix-q_65497" class="prefix-questionId" disabled="" tabindex="-1">
<option value="" selected="" disabled="">Select your state</option>
<option value="193817">Alabama</option>
<option value="193818">Alaska</option>
<option value="193819">Arizona</option>
<option value="193820">Arkansas</option>
<option value="193821">California</option>
<option value="193822">Colorado</option>
<option value="193823">Connecticut</option>
<option value="193824">Delaware</option>
<option value="193825">District of Columbia</option>
<option value="193826">Florida</option>
<option value="193827">Georgia</option>
<option value="193828">Hawaii</option>
<option value="193829">Idaho</option>
<option value="193830">Illinois</option>
<option value="193831">Indiana</option>
<option value="193832">Iowa</option>
<option value="193833">Kansas</option>
<option value="193834">Kentucky</option>
<option value="193835">Louisiana</option>
<option value="193836">Maine</option>
<option value="193837">Maryland</option>
<option value="193838">Massachusetts</option>
<option value="193839">Michigan</option>
<option value="193840">Minnesota</option>
<option value="193841">Mississippi</option>
<option value="193842">Missouri</option>
<option value="193843">Montana</option>
<option value="193844">Nebraska</option>
<option value="193845">Nevada</option>
<option value="193846">New Hampshire</option>
<option value="193847">New Jersey</option>
<option value="193848">New Mexico</option>
<option value="193849">New York</option>
<option value="193850">North Carolina</option>
<option value="193851">North Dakota</option>
<option value="193852">Ohio</option>
<option value="193853">Oklahoma</option>
<option value="193854">Oregon</option>
<option value="193855">Pennsylvania</option>
<option value="193856">Rhode Island</option>
<option value="193857">South Carolina</option>
<option value="193858">South Dakota</option>
<option value="193859">Tennessee</option>
<option value="193860">Texas</option>
<option value="193861">Utah</option>
<option value="193862">Vermont</option>
<option value="193863">Virginia</option>
<option value="193864">Washington</option>
<option value="193865">West Virginia</option>
<option value="193866">Wisconsin</option>
<option value="193867">Wyoming</option>
<option value="193868">Puerto Rico</option>
<option value="193869">U.S. Virgin Islands</option>
<option value="193870">American Samoa</option>
<option value="193871">Guam</option>
<option value="193872">Northern Mariana Islands</option>
<option value="239669">Other</option>
</select></div>
<input type="submit" value="Continue" id="prefix-formStep-submitButton" tabindex="-1">
</form>
Text Content
Skip to main content An official website of the United States government Here's how you know Here's how you know Cambiar a Español Official websites use .gov A .gov website belongs to an official government organization in the United States. Secure .gov websites use HTTPS A lock ( lockA locked padlock ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites. Menu * BasicsBasicsBasicsCaret Icon * Health & Drug PlansHealth & Drug PlansHealth & Drug PlansCaret Icon * Providers & ServicesProviders & ServicesProviders & ServicesCaret Icon * Chat * Log in * Home * About Us * Saving money with the prescription drug law Search Search Print this page. * How is Medicare funded? * Get involved with Medicare * Contact Medicare * Plain writing * Information in other languages * Using this site * Accessibility & Nondiscrimination Notice * Saving money with the prescription drug law SAVING MONEY WITH THE PRESCRIPTION DRUG LAW 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: MORE VACCINES COVERED 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. LOWER COSTS FOR INSULIN 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 Deductible An amount you have to pay for covered services and items each year before Medicare or your plan starts to pay. for your insulin. Other questions about insulin coverage? * If you get a 2- or 3-month supply of insulin, your costs can’t be more than $35 for each month’s supply of each covered insulin. * If you take insulin through a traditional pump that's covered under Medicare’s durable medical equipment benefit, that insulin is covered under Medicare Part B — these benefits go into effect on July 1, 2023. * Get more information about this new insulin benefit. Learn more about insulin costs. [PDF, 133 KB] LOWER OUT-OF-POCKET DRUG COSTS * Starting April 1, 2023, you might pay a lower coinsurance amount for certain drugs and biologicals covered by Part B, if their prices have increased higher than the rate of inflation. The specific drugs and potential savings change every quarter. * If you have drug costs high enough to reach the catastrophic coverage phase in your Medicare drug coverage, you won’t have to pay a copayment or coinsurance, starting in 2024. * Extra Help affording prescription drug coverage (the Part D Low-Income Subsidy (LIS) program) will expand to cover more drug costs for people with limited resources who earn less than 150% of the federal poverty level, starting in 2024. * Your yearly Part D out-of-pocket costs Out-of-pocket costs Health or prescription drug costs that you must pay on your own because they aren’t covered by Medicare or other insurance. will be capped at $2,000, starting in 2025. You’ll also have the option to pay out-of-pocket costs in monthly amounts over the plan year, instead of when they happen. MEDICARE WILL NEGOTIATE TO GET YOU LOWER DRUG PRICES For the first time, Medicare will be able to negotiate directly with manufacturers for the price of certain high-spending brand-name Medicare Part B and Part D drugs that don’t have competition. * This year, we’ll announce the first 10 drugs selected for negotiation. * Negotiated prices for these first 10 drugs will be effective in 2026. * Medicare will select and negotiate costs for: * 15 Part D drugs in 2025 (effective in 2027). * 15 Part B and Part D drugs in 2026 (effective in 2028). * 20 Part B and Part D drugs in 2027 (effective in 2029). * 20 Part B and Part D drugs in 2028 and every year after. * Manufacturers that don’t follow the negotiation requirements will have to pay a tax, and will have to pay penalties if they don’t fulfill other manufacturer requirements. SITE MENU * About Us * What Medicare covers * Drug coverage (Part D) * Supplements & other insurance * Claims & appeals * Manage your health * Site map TAKE ACTION * Find health & drug plans * Find care providers * Find medical equipment & suppliers * Find a Medicare Supplement Insurance (Medigap) policy * Find publications * Talk to someone * Manage your email preferences * Get information in other languages CMS & HHS WEBSITES * HealthCare.gov * InsureKidsNow.gov * Medicaid.gov * CMS.gov * HHS.gov * USA.gov HELPFUL LINKS * FOIA * No Fear Act * Inspector General * Archive * Downloadable databases SIGNUP FOR EMAIL UPDATES Enter your email address By checking this box, you consent to our data privacy policy. * Find Medicare.gov on facebook (link opens in a new tab) * Follow Medicare.gov on Twitter (link opens in a new tab) * Find Medicare.gov on YouTube (link opens in a new tab) About Medicare Medicare Glossary Nondiscrimination / Accessibility Privacy Policy Privacy Setting Linking Policy Using this site Plain Writing Medicare.gov A federal government website managed and paid for by the U.S. Centers for Medicare and Medicaid Services. 7500 Security Boulevard, Baltimore, MD 21244 Close subscription dialog MAKE THE MOST OF YOUR MEDICARE Sign up to get important reminders & information about Medicare and COVID-19. 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Follow us on Facebook & Twitter GET INFORMATION THAT'S SPECIFIC TO YOU Please tell us which best describes you I currently have Medicare I will have Medicare soon (in less than 3 years) I am a caregiver for someone who has Medicare Other Select your state Select your state Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Puerto Rico U.S. Virgin Islands American Samoa Guam Northern Mariana Islands Other