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The Inflation Reduction Act (IRA) became law on August 16, 2022 and includes several provisions to lower prescription drug costs for people with Medicare and reduce drug spending by the federal government.
Effective January 1, 2023, all Medicare MAPD and Part D prescription drug plans are required to have a $35 cost share cap for covered Part D insulin products.
Effective January 1, 2023, all Medicare Part D plans are required to offer covered Part D adult vaccines recommended by the Advisory Committee on Immunization Practices (ACIP)* at a $0 cost share with no deductible.
As of April 1, 2023, CarePlus members may pay less for certain drugs covered by Medicare Part B, based on a new and lower “coinsurance” amount.
This list will be updated every 3 months.
Part B Drug Inflation Rebate - CarePlus English (PDF opens in new window)
Part B Drug Inflation Rebate - CarePlus Spanish (PDF opens in new window)
Beginning July 1, 2023, members will pay no more than $35 for a 1-month (30-day) supply of Part B-covered insulin. This cost limit applies to insulin dispensed through a pump or Medicare-covered durable medical equipment.
*Visit the Centers for Disease Control and Prevention’s ACIP vaccine recommendations webpage (link opens in new window) for more information.