Comparing Your 2027 Prescription Drug Plan? What to Check Before December 7 – Medicare’s Annual Open Enrollment Period runs October 15 – December 7, giving beneficiaries a yearly window to review, switch, or re‑enroll in a Medicare Part D prescription drug plan or a Medicare Advantage plan with drug coverage for the upcoming year. Any changes take effect January 1.
Even if you’re satisfied with your current plan, it’s worth a second look. Drug plans can change their covered medications, pricing tiers, and pharmacy networks each year, so a plan that worked well in 2026 may not be the best fit for 2027.
What to Review
Start with your current medication list, including dosages. Check whether each plan you’re considering still covers those medications on its formulary (drug list) and what tier they fall into, since tier placement determines your copay. Confirm your preferred pharmacy is in‑network, and compare total annual cost, not just the monthly premium — deductibles and copays can vary widely between plans that look similar on price alone.
Changes for 2027
According to CMS’s Contract Year 2027 Rate Announcement, the standard Part D deductible cap is expected to rise to about $700 (from $615 in 2026), and the annual out‑of‑pocket cap to roughly $2,400 (from $2,100 in 2026). Always confirm final plan‑level details directly, as figures may shift before enrollment closes.
Where to Get Help
Free, unbiased assistance is available through the Medicare Plan Finder at medicare.gov/plan‑compare by calling 1‑800‑MEDICARE, or through your local State Health Insurance Assistance Program (SHIP). PPMA patients can also reach McIsaac Insurance at 800‑649‑1517 for plan guidance.
As always, PPMA is here for your medical care and happy to answer clinical questions about any medications you’re reviewing — we just can’t recommend specific insurance plans.
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