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  2. Biden’s SOTU Addresses Social Security, Drug Costs and ...

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    “Starting next year that same law caps total prescription drug costs for seniors on Medicare at $2,000 a year even for expensive cancer drugs that can cost $10,000, $12,000, $15,000 a year ...

  3. 5 2025 Medicare Changes Every Retiree Should Know - AOL

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    2. $2,000 cap on out-of-pocket prescription drug costs. ... In 2024, seniors on Medicare could access telehealth services from anywhere. But in 2025, you generally must be in an office or medical ...

  4. Here's what to know about Medicare's new $2,000 prescription ...

    www.aol.com/heres-know-medicares-2-000-174637852...

    "Because of the prescription drug law, the coverage gap ends on Dec. 31, 2024," its website states. The so-called "donut hole," or coverage gap, has affected almost all prescription plans.

  5. Medicare Prescription Drug, Improvement, and Modernization ...

    en.wikipedia.org/wiki/Medicare_Prescription_Drug...

    Medicare Prescription Drug, Improvement, and Modernization Act; Long title: An act to amend title XVIII of the Social Security Act to provide for a voluntary prescription drug benefit under the medicare program and to strengthen and improve the medicare program, and for other purposes. Acronyms (colloquial) Medicare Modernization Act or MMA ...

  6. Medicare caps seniors drug expenses: What you need to know - AOL

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    Private insurance plans that contract with Medicare to cover prescription drugs also will absorb higher costs. Last July, the Biden administration announced a project to stabilize monthly premiums ...

  7. What You Need to Know About Medicare Prescription Drug Plans ...

    www.aol.com/know-medicare-prescription-drug...

    As of January 1, 2021, if you take insulin, your insulin could cost $35 or less for a 30-day supply. Use Medicare’s find a plan tool to compare Medicare Part D plans and insulin costs in your ...

  8. 3 Social Security Changes Retirees Need to Know About in 2024

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    The Social Security COLA is 3.2% in 2024. Official COLA data for 2025 won't be released until October, but early estimates predict it will be around 2.6%, according to The Senior Citizens League ...

  9. States that tax Social Security benefits — including changes ...

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    All other senior taxpayers can fully deduct Social Security benefits from their state taxes if their income doesn’t exceed $50,000. Income between $50,000 and $60,000 is eligible for a partial ...