What's changing in 2026, why it matters, and how Hanson Insurance can help you make the most of your coverage.
The Inflation Reduction Act established a $2,100 annual cap on Medicare Part D out-of-pocket drug costs. This is a landmark change — there was previously no cap. If you take expensive medications, this could save you thousands per year.
The standard Medicare Part B premium for 2026 has been updated. Higher-income beneficiaries pay an Income-Related Monthly Adjustment Amount (IRMAA). We can help you understand exactly what you'll pay based on your income level.
Book a consultation for exact 2026 premium figures.
Thanks to the Inflation Reduction Act, insulin is capped at $35 per month for Medicare Part D beneficiaries. If you're paying more than this for insulin, your plan may need to be reviewed.
The Inflation Reduction Act (IRA) introduced several significant changes to Medicare prescription drug coverage that are being phased in through 2026 and beyond:
Recommended vaccines covered under Part D now have $0 cost sharing for Medicare beneficiaries.
All covered insulin products under Medicare Part D are capped at $35/month.
The catastrophic phase of Part D is eliminated, replaced by a $2,100 annual cap.
For the first time, Medicare is negotiating prices directly with drug manufacturers for select high-cost drugs.
With major changes to Part D, the plan that was best for you in 2024 or 2025 may not be the best for you in 2026. We recommend an annual plan review every October before the Annual Enrollment Period closes.
Book a Free Plan Review →Our service is always free to you.
The main window to switch, drop, or join Medicare Advantage or Part D plans. Changes take effect January 1. This is the most important enrollment window for most people.
Medicare Advantage enrollees can switch to a different MA plan or return to Original Medicare (and join a Part D plan). You cannot switch from Original Medicare to MA during OEP.
Your first chance to sign up for Medicare. The 7-month window around your 65th birthday. Enrolling on time is critical to avoid lifetime penalties.
Triggered by qualifying life events — moving, losing employer coverage, becoming dual eligible, and more. If you've had a major life change, you may be able to make changes outside standard windows.
We do not offer every plan available in your area. Currently we represent 13 organizations which offer 92 plans in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.
Book a free annual review. We'll check your prescriptions, your providers, and your costs — and let you know if a better plan exists.