Thanks to the IRA, annual out-of-pocket prescription drug costs for Medicare patients are now capped at $2,000, no matter how expensive your prescriptions are. Insulin for seniors on Medicare is also capped at $35 per month. This means that seniors will never pay more than a total of $2,000 per year for prescription drugs covered under Medicare–including expensive drugs that treat cancer and chronic illnesses. Seniors can also get free recommended vaccines under the IRA, including the vaccine for shingles.
In addition to these cost-saving benefits, Medicare has negotiated with pharmaceutical companies for lower prices for ten of the most expensive and most frequently used prescription drugs in Medicare. These new, lower prices will go into effect in 2026, and Medicare will continue to negotiate prices for additional drugs each year for the foreseeable future.
I encourage every senior in our community to take advantage of these new, lower-cost Medicare benefits. It is more important than ever to look at your drug coverage for 2025 during Medicare Open Enrollment and make sure you are enrolled in the Medicare Part D plan that is best for you.
You can learn more about these benefits and review your options at Medicare.gov. Medicare Open Enrollment started October 15 and runs through December 7.
Ensuring access to affordable health care is one of my top priorities as your member of Congress. I am proud of the work we have done so far, but there is more to do and I will continue working to lower costs in Texas’ Seventh Congressional District and across our country.
As always, I am proud to represent you, and I am here to help you. Please call my office at (713) 353-8680 or (202) 225-2571 or email here at any time to ask for assistance or share your thoughts. I look forward to hearing from you.
Best wishes,