Medicare Part D: deductible vs. out-of-pocket limit

The Medicare Part D deductible and out-of-pocket limit are not the same thing.

The deductible affects what you may pay near the beginning of the year. The annual out-of-pocket limit caps what you spend on covered Part D medications—but premiums and noncovered drugs generally don’t count toward it.

Check your specific 2027 plan because deductibles, formularies, pharmacy networks, and medication costs can vary.