Medicare and the Inflation Reduction Act Explained

The Inflation Reduction Act has passed the Senate and House and was signed into law by the president. The legislation includes provisions that will cap costs on Part D plans, allow negotiated prices for expensive medications, provide 100% coverage on Part D vaccines, and more.

In this video, we will explain everything you need to know about the Inflation Reduction Act and its impact on Medicare beneficiaries.

Start (0:00)
Changes you will see to Part D in 2023 (1:09)
Better vaccine coverage under Part D (1:53)
Drug manufacturers and inflation penalties (2:49)
What to expect in 2024 (3:13)
Premium increase cap imposed (4:33)
Low-Income Subsidy expansion (5:03)
The $2,000 Part D cap in 2025 (5:47)
Negotiated drug prices starting in 2026 (6:35)

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Watch next: "What Does Medicare Part A Cover?"
   • What Does Medicare Part A Cover?  
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