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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.
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 ...
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 ...
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.
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 ...
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 ...
Beginning in 2025, Medicare prescription drug plans must offer enrollees the option to spread their out-of-pocket prescription drug costs into monthly payments throughout the year, instead of ...
Here are some important updates for 2025 that every Medicare enrollee should be aware of. 1. A new $2,000 annual cap on out-of-pocket prescription-drug spending ... That notice will list the added ...