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Open enrollment begins: What Medicare beneficiaries need to know for 2027

by Sana Azem and Andrew Dorn - 10/26/26 9:28 AM ET

by Sana Azem and Andrew Dorn - 10/26/26 9:28 AM ET

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(NewsNation) — Open enrollment for Medicare plans is underway, and several changes are going into effect in 2027 that could affect your health care coverage. Medicare beneficiaries can now change their health and drug coverage plans for the upcoming year through Dec. 7.

What changes are going into effect in 2027?

Changes to Medicare next year include new negotiated drug prices, lower prices for weight-loss drugs, and higher deductibles and out-of-pocket caps.

For Medicare Part D prescription drug coverage, the out-of-pocket limit will be $2,400 in 2027, up from $2,100 in 2026.

The standard deductible for Part D prescription drug coverage will be $700, up from $615 in 2026.

Additionally, new negotiated prices for 15 additional drugs will take effect next year.…