Inflation Reduction Act and Medicare: Lower drug costs and expanded benefits

If you pay a deductible for your plan, it will no longer apply to your Part B insulin prescription. Also, the cost for a month’s supply (up to 30 days) of Part B-covered insulin is capped at $35/month. This cost limit applies to insulin dispensed through a pump or Medicare-covered durable medical equipment. The cost limit does not apply to the cost of insulin pumps.

To learn more, sign in to your MyHumana account to view your Evidence of Coverage.

All Medicare plans with prescription drug coverage now cover most Part D vaccines* at no cost to you. This includes the shingles vaccine. This coverage applies regardless of the vaccine’s drug tier and even if your plan has a deductible that you haven’t yet met. Check your plan’s Part D drug list to learn more.

If your Medicare Advantage plan includes medical coverage (Medicare Part B), common vaccines such as COVID-19, flu and pneumonia will continue to be covered at no cost to you through your Part B medical benefit.

Starting Jan. 1, 2024, once your Part D out-of-pocket spending reaches $8,000 (including certain payments made by other parties on your behalf, such as Medicare’s Extra Help program), you’ll move to the Catastrophic Coverage phase. In that phase, you won’t pay a copayment or coinsurance for covered Part D drugs for the rest of the calendar year.

This applies to all plan-covered Part D drugs.