Posted by Michael Wonder on 03 Jul 2023
IRA extends insulin cost caps to Medicare Part B and Medicare Advantage Starting 1 July
30 June 2023 - Starting 1 July, people with Medicare Part B and Medicare Advantage coverage who get their insulin through a traditional pump will see insulin costs capped at $35 per month per each covered insulin.
Millions of people with Medicare Part D are already benefiting from the Inflation Reduction Act’s $35 monthly cap, and if these rules for Part B and Part D had been in effect in 2020, 1.5 million beneficiaries would have saved an average of $500 per year.
