Medicare Drug Plan Premiums Are Changing in 2027 - Here’s What Retirees Could Pay
The federal government has projected the average cost for Part D premiums. Millions of seniors enrolled in Medicare Part D should expect their premium costs to change in 2027. The Centers for Medicare & Medicaid Services (CMS) has projected new costs for prescription drug coverage that begin on Jan. 1. Find out how your premium is likely to change next year and learn some easy ways to pocket more cash as you shop for coverage during the upcoming annual Medicare open enrollment period. CMS has projected the average total monthly premium for standalone Part D plans to increase slightly next year, from $35.06 a month in 2026 to $36 in 2027. This tiny uptick of less than $12 for the year is likely to come as a relief to seniors who are weary of paying soaring costs for everything from gasoline to groceries. Even better, the cost of Part D premiums within Medicare Advantage plans is expected…