Are there other cost sharing changes for Medicare Part D coming in 2025?

Yes. Starting in January 2025, Medicare prescription drug cost sharing will be subject to a $2,000 annual out-of-pocket cap. Individuals – particularly those who are taking medications subject to very high cost sharing – will also have the option of enrolling in a Medicare Prescription Payment Plan to distribute their cost sharing responsibility over the course of the year. This means that instead of paying a large amount in cost sharing early in the plan year, an individual could choose to pay smaller amounts monthly over the course of the entire year.