Medicare 2027: Check Drug Costs, Coverage, and Copays Before Renewal

Could your Medicare prescription drug costs soar in 2027? Important changes are coming to Medicare Part D, including the end of a temporary premium-stabilization program for participating standalone drug plans. But your monthly premium is only one part of the potential cost. In this video, Dr. Ed explains—in plain English—what these changes could mean for people with: ✅ A standalone Medicare Part D plan ✅ A Medicare Advantage plan with drug coverage ✅ Original Medicare ✅ New Medicare coverage beginning soon You’ll learn why the least expensive premium may not be the least expensive plan, how changing formularies and drug tiers can increase your costs, and why your pharmacy, deductible, copayments, coinsurance, and prior-authorization rules all matter. We’ll also discuss the 2027 Part D deductible and out-of-pocket limit, Medicare Extra Help, the late-enrollment penalty, and the seven things you must check in your plan’s Annual Notice of Change. Do not let your Medicare drug coverage renew automatically without reviewing it. A plan that worked well for you in 2026 may cost considerably more—or cover your prescriptions differently—in 2027. Subscribe and turn on notifications for clear, trustworthy updates about Medicare, Social Security, Medicaid, disability benefits, and programs that may help you save money. #Medicare #MedicarePartD #PrescriptionDrugCosts Originally recorded live with Restream.