CMS senior savings model will cap insulin copays to $35 for Medicare Part D beneficiaries.

The Centers for Medicare and Medicaid Services (CMS) announced that Medicare beneficiaries with diabetes will be able to lower their insulin costs to a $35 copay for a 30 day supply in 2021. 

Medicare beneficiaries taking insulin should save an average of $446 in annual out-of pocket costs for insulin.  The most important step for you, is to enroll in a Part D plan that will support the $35 copay.  Not all plans will support the this new model.  One person in every three Medicare beneficiaries has diabetes.

Medicare Part D prescription drug plans are announced each year on October 1.  You can change your prescription drug plan or Medicare Advantage plan during the Annual Election Period (AEP) from October 15 through December 7. 

Learn more about Medicare Part D Prescription Drug Coverage or Medicare Advantage Plans

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