Medicare beneficiaries who take a lot of pricey medications will get a big break come 2025. That’s when the $2,000 annual cap on out-of-pocket costs for drugs bought at the pharmacy or through mail order takes effect.

Medicare will begin capping prescription drug costs at $2,000 annually, a move expected to save millions of Americans money on medications. (Scripps News)

Medicare will begin capping prescription drug costs at $2,000 annually from January 1—a move that's widely expected to benefit millions of Americans. Around 3.2 million Medicare recipients are expected to pay lower costs,