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

The annual cap on what Medicare Part D enrollees pay out of pocket for covered prescription drugs rises to $2,400 in 2027, up from $2,100 in 2026, an increase of about 14%, according to PBS NewsHour. The cap is the most a beneficiary pays in a year. Open enrollment runs through December 7, when beneficiaries can change plans.