Medicare Part D Out Of Pocket 2024. Retirees face significantly higher medicare part d prescription drug premiums in 2024. Annual premiums vary across part d plans, estimated to average around $55.50 per month in 2024 for standard coverage.

Under medicare part d regulations, most group health plan sponsors offering prescription drug coverage to part d eligible individuals (including active or disabled. In a press call ahead of the announcement, becerra said if the negotiated prices were in effect in 2023, medicare would have saved $6 billion and beneficiaries would have saved $1.5 billion in.