New for 2027. Your MAXIMUM prescription spend for plan year 2027, will now be $2400.00. Keep in mind this only applies if your prescription is covered by your plan. If it’s not covered, you’re responsible for 100% of the cost AND it does not count against the $2400 MAXIMUM! The increase is $300 more than 2026. REMINDER, You may be able to spread the high costs of your prescriptions over the entire year, if you sign up. Please contact us to discuss your situation and how these changes may affect you.
My expectation is that many other aspects of your coverage may also change, so insurance companies can recoup some of the expected costs they will certainly incur. This may include a higher deductibles for your plan. Higher co-pays or co-insurance for your prescriptions. For those receiving part D coverage through their Advantage Plan some of the supplemental benefits you’ve grown accustomed to may be reduced or eliminated. It’s too early to know or worry about now.
Consequently, this year, reviewing your “ANOC” Annual Notice of Change will be more important than ever. We will be able to share new 2027 plan designs on October 1st and discuss every aspect of your coverage at that time.
I am recommending scheduling a time to review your personal situation, NOW! Beginning October 15th, you can change your plan for 2027, if it makes sense for YOU! Contact us today!
