State of Medicare heading into 2026: Your complete guide to new laws and avoiding surprise bills
Medicare is rolling out major prescription drug cost changes in 2026, including a new $2,000 annual cap on Part D out-of-pocket spending and the launch of the Medicare Prescription Payment Plan (M3P). This guide breaks down how the cap works, who qualifies, what “smoothing” means for your monthly budget, and the key steps to take during open enrollment to avoid surprise bills. Learn how these changes affect real-world drug costs, what caregivers should know, and where to find financial assistance if needed.






















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