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flag Medicare Part D premiums may rise next year due to increased drug costs and policy changes.

flag Medicare Part D premiums are expected to rise next year due to higher use of costly prescription drugs, a law capping out-of-pocket spending, and changes in a price-stabilizing program. flag Increases will mainly impact stand-alone Part D plans, not those in Medicare Advantage. flag Beneficiaries are advised to shop for new plans during open enrollment starting October 15, rather than renewing their current ones.

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