Medicare Part D 2027: Premiums Are Rising, Here’s What to Know
Medicare Part D 2027: Premiums Are Set to Rise — Here’s What Changed
Medicare Part D 2027 is shaping up differently than recent years. If you’re on a standalone Part D drug plan, there’s a real change coming worth knowing about before Open Enrollment starts this fall.
In late July 2026, the Centers for Medicare and Medicaid Services ended a program called the Part D Premium Stabilization Demonstration. That subsidy has been quietly keeping drug plan premiums low since 2025, holding the average monthly cost under $40. Without it, one federal watchdog report estimated premiums would have climbed from around $43 to about $81 a month. Now that the subsidy is gone, most experts expect standalone Part D premiums to go up for a lot of people in the new plan year — though nobody can say by exactly how much yet, since plan-specific pricing hasn’t been released.
I want to be upfront: I don’t sell standalone Part D plans, so this isn’t a pitch. But I talk to a lot of people every year who assume their Medicare coverage just renews itself the same way, year after year, and this is exactly the kind of change that makes assuming a bad idea.
What Actually Happens Next
Your Part D carrier will send you an Annual Notice of Change (ANOC) this fall. That letter spells out exactly what’s changing about your specific plan — premium, deductible, drug formulary, all of it. Don’t let it sit in a pile of mail.
Then you’ve got a real window to act. Medicare Open Enrollment runs October 15 through December 7. That’s your chance to compare Part D plans, switch if your current one got more expensive, or just confirm what you have still makes sense heading into Medicare Part D 2027.
While You’re Looking, Look at the Whole Picture
Medicare Part D 2027 pricing changes are a good excuse to actually sit down and look at your full Medicare setup, not just the drug plan. That includes your Medicare Supplement coverage — is it still the right fit, still priced competitively, still covering what you need? A lot of people haven’t checked in years.
If you want a second set of eyes on any of it — your Part D options, your Supplement plan, or just want someone to walk through what Open Enrollment actually means for your situation — give me a call or visit the website. No pressure, no call center, just a real conversation about what makes sense for you.