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Medicare drug price negotiation is now in effect for 2026, with a $2,000 out-of-pocket cap and lower Maximum Fair Prices on 10 drugs including Eliquis, Jardiance, and Enbrel. Here is what seniors need to know about savings and plan selection.
Medicare covers GLP-1 drugs for type 2 diabetes — Ozempic and Mounjaro are covered under Part D. Wegovy is now covered for patients with cardiovascular disease following the 2024 SELECT trial results. Weight loss alone is not a covered indication. The 2026 Part D out-of-pocket cap is $2,000.
The best Medicare Part D drug plans of 2026 reviewed by cost and coverage: AARP MedicareRx Preferred earns the highest 4.5-star CMS rating with the broadest formulary, SilverScript Plus offers the best value for generic users, and Humana Premier Rx leads on premium cost at $9.70/month. In 2026, the new $2,000 out-of-pocket cap makes plan selection more important than ever.
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