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Major changes in 2025 include Medicare Advantage plans and a new $2,000 out-of-pocket max under Part D, eliminating "donut hole" coverage gap.
The donut hole will disappear after 2024 and be replaced by a new $2,000 out-of-pocket cap in 2025. This change, due to the Inflation Reduction Act, affects all Medicare plans.
Here are six changes in the offing for Medicare in 2025. 1. Say goodbye to the "donut hole" ... Starting in 2025, the donut hole is gone, replaced with an annual $2,000 cap for out-of-pocket ...
The Medicare Part D coverage gap (informally known as the Medicare donut hole) was a period of consumer payments for prescription medication costs that lay between the initial coverage limit and the catastrophic coverage threshold when the consumer was a member of a Medicare Part D prescription-drug program administered by the United States federal government.
4 big Medicare changes for 2025. Medicare open enrollment runs from Oct. 15 to Dec. 7. ... out-of-pocket drug spending will be capped at $2,000 per year and the prescription drug “doughnut hole ...
In 2025, Medicare is introducing a cap of $2,000 on out-of-pocket spending before people qualify for catastrophic coverage. Learn more about the Medicare donut hole. Medicare resources.
Image source: Getty Images. 1. Explore your options for a new Medicare Advantage plan. When you're used to a specific Medicare Advantage plan, switching to a new one can seem like a hassle.
The Commonwealth Fund found in 2022 that supplemental benefits were the most common reason people cited for choosing a Medicare Advantage plan over Traditional Medicare. So, starting in 2025 ...
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