In 2026, the Medicare Part D out-of-pocket cap is $2,000. After you reach $2,000 in out-of-pocket drug costs, you pay $0 for covered drugs for the rest of the year. This is a major improvement from previous years when the coverage gap (donut hole) could result in much higher costs.
Key Points
- 2026 Part D out-of-pocket cap: $2,000
- After $2,000 OOP: pay $0 for covered drugs for the rest of the year
- Major improvement from previous years
- The donut hole (coverage gap) was eliminated in 2024
- An independent agent can help you find the best Part D plan for your medications