Medicare Part D drug out-of-pocket cap rises to $2,400 in 2027

The annual out-of-pocket cap on Medicare Part D drug spending will rise to $2,400 in 2027, up from $2,100 in 2026, an increase of about 14%, according to a PBS NewsHour report. The cap limits how much enrollees pay for covered drugs in a year. Open enrollment runs through December 7, when beneficiaries can change plans.