Costs of 34 Medicare Drugs To Be Capped at $618 Until December

Medicare rebate program to cut out-of-pocket costs for certain Part B drugs from October through December.

Clipboard with green-colored paper listing types of Medicare coverage, and stethoscope on the side.
(Image credit: designer491, Getty Images)

Some people who take Medicare Part B drugs may save up to $618 per average dose from October through December, according to the Centers for Medicare & Medicaid Services (CMS).

Under the Medicare Prescription Drug Inflation Rebate Program, Part B beneficiary coinsurance may be lowered for 34 prescription drugs, which can mean savings of $1 to $618 per average dose, depending on individual coverage, CMS said.

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Joey Solitro

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.