The Medicare Annual Enrollment Period (AEP) has begun. It runs from October 15 to December 7. The 2026 plan year brings important changes. Older adults must review their current coverage.
The average monthly premium for Medicare Advantage (Part C) plans will decrease. The cost will drop from $16 to about $14. The yearly maximum out-of-pocket limit is also shrinking. It moves slightly down to $9,250.
Part D covers prescription drugs. The number of stand-alone Part D plans is now smaller. However, the average monthly premium will also drop. It moves from $38 to around $34.
The annual out-of-pocket drug limit will increase slightly. It rises from $2,000 to $2,100. Insulin costs remain capped at $35 per month. Most vaccines are still covered at no cost. Officials will negotiate prices for ten popular drugs. This may create large discounts for certain medications.
Experts say to be proactive. Compare different plans before the December 7 deadline. New Special Enrollment Periods (SEPs) exist in 2026. For example, one SEP allows switching plans if your doctor leaves the network. This helps you keep your preferred providers.
