Is Insulin Going To Cost Less This Year?
Question: I use Insulin and I heard we will be paying a lot less for insulin in 2023. Can you explain how? Answer: Insulin has been very expensive for a number of years. In the past, Medicare eligible individuals spent thousands of dollars each year to pay for their insulin. Beginning in 2023 the Inflation Reduction Act (IRA) will change the way that Medicare Part D covers Insulin. The Centers for Medicare & Medicaid Services (CMS) has announced that ALL Medicare Part D plans must include all insulins included in their formularies, at copays of $35 or less for a 30-day supply of ...