IMPORTANT MEDICARE CHANGES FOR 2025
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MEDICARE CHANGES FOR PRESCRIPTION DRUGS FOR 2025
The following outlines changes to Medicare Prescription Drug Plans for 2025, driven by the Inflation Reduction Act. This is across the board, regardless of the insurance carrier. All Medicare prescription plans have these changes. Key updates include:
Positive Changes
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No more "donut hole."
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Maximum annual out-of-pocket cost for prescriptions is $2,000.00 to the member.
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New Medicare Prescription Payment Plan for those with multiple high-cost drugs (eligibility determined by the insurance script vendor).
Negative Changes
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Increased premiums for some Part D plans.
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Higher annual deductibles for Part D plans.
Switching Part D plans may not yield significant benefits. It's advisable to compare prescription prices at different pharmacies, especially for high-tier drugs. Refer to your Part D plan formulary for tiers of drugs and reference your Annual Notice of Change (ANOC) for specific details.
For any questions, feel free to contact me at (504) 909-9644 or email: rhonda@rbrbenefitservices.com
Thank you for your business as we approach the new year!