Work team

Changes to the Public Prescription Drug Insurance Plan

Retirement and Benefits

Issue 26-05
Tue, 07/28/2026 - 10:00

Effective July 1, 2026, changes were made to the reimbursement parameters of the Public Drug Insurance Plan. Below are the key parameters of the Public Plan that are most commonly compared with the health insurance coverage provided under group insurance plans:

  • The maximum annual premium increases by 3.0%, from $766 to $789.
  • The monthly deductible decreases by 3.4%, from $22.00 to $21.25 (from $264 to $255 annually).
  • The 30% coinsurance rate remains unchanged.
  • The maximum monthly contribution increases by 2.5%, from $102.64 to $105.25 (from $1,232 to $1,263 annually).

These parameters will apply from July 1, 2026, to June 30, 2027.

Our Newsletter

Obtain clear and concise information written by our experts on current events that could impact your operations or organization.

Subscribe

News Type *

Contact Us

Get the conversation started and find out how SAI can help you and your organization.

Speak with a consultant