A new Medicare season begins, but some shifts will arrive in 2027

Open enrollment for Medicare plans begins on Thursday, with changes set to take effect in 2027. During the enrollment period, which ends on December 7, individuals can choose between traditional Medicare and privately operated Medicare Advantage plans, as well as prescription drug plans. These changes, including higher Part D out-of-pocket caps, the end of temporary federal Part D premium subsidies, and new drug price negotiations, will impact nearly 72 million people receiving monthly Social Security benefits and about 7.3 million beneficiaries who get Supplemental Security Income.

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