From 24/7 Wall St. · Danielle Liverance · · 1m 30s
Medicare 2027 Costs Locked In
Most Medicare 2027 costs set by Dec. 7, but Part B premium remains unknown.
In brief
Most Medicare 2027 costs set by Dec. 7, but Part B premium remains unknown. A 72-year-old retiree saves $408 yearly by switching to a cheaper Part D plan under the 2027 cap. Originally reported by 24/7 Wall St..
Medicare open enrollment ends
Medicare open enrollment closes Dec. 7, 30 days from today.
2027 costs set
Most 2027 costs are fixed: $2,400 Part D cap, $700 deductible, 3.6% COLA.
Part B premium missing
The 2027 Part B premium estimate is $209.50, but it's not confirmed.
Retiree's 2027 costs
A 72-year-old single retiree with one costly drug faces $300 higher drug bill and $76 more after Part B.
Drug cost under cap
Her drug costs $18,000 yearly, hitting the $2,400 Part D cap in month 5.
Social Security raise
A 3.6% COLA lifts her Social Security benefit from $2,300 to $2,382.80.
Part B premium impact
Part B premium increases by $6.60, saving $76.20 monthly after drug costs.
Plan comparison value
Switching to a $18 plan saves $408 yearly versus the $52 plan.
When to switch
Run Plan Finder comparison before Dec. 7 to switch if cheaper plan covers your drug.
After Dec. 7
After Dec. 7, 2027 drug plan is locked for Original Medicare with standalone Part D.
What happens next
Her 2027 drug plan is set unless a move or life event opens special enrollment.
The takeaway
A 72-year-old retiree saves $408 yearly by switching to a cheaper Part D plan under the 2027 cap.
