Medicare Part D Catastrophic Drug Coverage
Starting in 2024, Medicare Part D enrollees will no longer be required to pay 5% coinsurance or copays when they reach the catastrophic phase. This means their out-of-pocket expenses will be capped once their spending reaches the catastrophic threshold.
According to research by the Kaiser Family Foundation, the maximum out-of-pocket costs for Part D enrollees who only use brand-name drugs in 2024 will be around $3,300.
To learn more about how you may benefit from the Part D out-of-pocket spending cap today and in 2025., visit kff.org.
