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from 24/7 Wall St. Mehmet Oz has been tapped to oversee Medicare in the new year. Oz will likely aim to push more seniors onto Medicare Advantage plans. Oz has also been tasked with cutting costs ...
Open enrollment for 2025 Medicare plans runs through December 7. Some major changes in 2025 include a new $2,000 out-of-pocket max under Part D, eliminating the plan’s “donut hole” coverage ...
A key update is the introduction of a $2,000 cap on out-of-pocket prescription drug costs, offering relief to those enrolled in Part D plans. Medicare is also expanding mental health care access ...
Image source: Getty Images. 1. Not getting the right supplemental benefits. One reason to enroll in Medicare Advantage over original Medicare is that many of these plans offer added benefits. The ...
Pursuant to the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, the compensation and business practices for insurers that offer these plans changed, and "Medicare+Choice" plans became known as "Medicare Advantage" (MA) plans. In addition to offering comparable coverage to Part A and Part B, Medicare Advantage plans may ...
Image source: Getty Images. 1. $2,000 cap on out-of-pocket prescription drug costs. The biggest Medicare change coming next year is a $2,000 out-of-pocket cap on prescription drug spending.
Starting in 2025, all Medicare Part D enrollees will have their out-of-pocket prescription-drug costs capped at $2,000. ... That notice will list the added benefits available to plan participants ...
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.
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