Medicare Costs to Watch in 2027

Open enrollment runs Oct. 15 through Dec. 7, giving most Medicare enrollees their main annual chance to make major coverage changes for 2027.
A business leader warned that insurer savings may not reach consumers, so beneficiaries should not rely on reform alone when reviewing next year's Medicare options.
By now, many Medicare Advantage and Part D members should have received an Annual Notice of Change outlining 2027 costs, coverage, and other plan updates.
For 2027, Part D deductibles can reach $700, while Medicare Advantage out-of-pocket limits can reach $9.9K in-network and $14.8K combined under federal caps.
Because many plans set lower limits and formularies can change yearly, shoppers should compare premiums, drug coverage, and pharmacy costs before deciding whether to switch.