What is the Inflation Reduction Act?

The Inflation Reduction Act is making Medicare stronger and more affordable.

Key changes include:

• Lower drug costs: Medicare can now negotiate drug prices, leading to lower costs for seniors.

• Insulin cap: Insulin costs are capped at $35 per month for Medicare beneficiaries.

• Out-of-pocket limit: Yearly out-of-pocket drug costs are capped at $2,000 starting in 2025.

• Free vaccines: Medicare covers recommended adult vaccines at no cost.

• More help: Financial assistance is expanded for low-income Medicare beneficiaries.

These changes will save Medicare beneficiaries money and improve access to essential medications.

For more information: https://www.cms.gov/inflation-reduction-act-and-medicare