The Inflation Reduction Act took effect on January 1, 2023. The act enacts many programs that will help save seniors and families money on essential goods like prescription drugs, energy bills, and health care.
Here are a few of the programs now in effect:
Insulin Cap: Medicare Part D recipients will not pay more than $35 out of pocket each month for insulin.
Free Adult Vaccines: All recommended vaccines for adults will be free of charge for those enrolled in Medicare Part D.
New Electric Vehicles: Families who buy a new electric vehicle made in the U.S. can get a tax rebate of up to $7,500.
Used Electric Vehicles: Families can get a tax rebate of up to $4,000 for buying a used electric vehicle.
Home Energy Upgrades: Families will get a 30% rebate for home energy improvements.
Learn more about these programs and others at: whitehouse.gov/cleanenergy/inflation-reduction-act-guidebook