Medicare Open Enrollment Starts October 15: Part D Out-of-Pocket Cap Rises to $2,400 in 2027

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Open Enrollment Rubber Stamp On A Medicare Card
Jim Vallee

Medicare open enrollment for 2027 coverage runs from October 15 through December 7, 2026. For Part D prescription drug coverage, the annual out-of-pocket cap rises from $2,100 to $2,400, the standard deductible rises to $700, and the base beneficiary premium increases to $41.33. Reporting from STAT also indicates many Medicare Advantage plans will carry higher deductibles and fewer extra benefits in 2027.

People with disabilities who take several medications should carefully review their Annual Notice of Change and compare plans, since last year’s best plan may not be the best fit next year. Free, unbiased help is available through your State Health Insurance Assistance Program (SHIP).

Read More: U.S. News & World Report

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Note: Summaries are for general information and are not legal or financial advice. Please verify program details with the agencies involved.