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Millions of Medicare enrollees are likely to see relief in 2025 when a $2,000 cap on out-of-pocket prescription drug-spending goes into effect.
Here are 3 major Medicare updates coming in 2025 — plus what you need to know before you lock in your coverage this year. ... With the new out-of-pocket cap on drug spending, lawmakers were ...
5 2025 Medicare Changes Every Retiree Should Know. Kailey Hagen, The Motley Fool. January 18, 2025 at 10:00 AM. ... 2. $2,000 cap on out-of-pocket prescription drug costs.
A separate report from the nonprofit group AARP found that 3.2 million Medicare recipients are expected to see savings from the out-of-pocket cap in 2025. By 2029, the number is expected to ...
The biggest Medicare change coming next year is a $2,000 out-of-pocket cap on prescription drug spending. ... plan best suits you if you understand some of the major changes coming to Medicare in ...
Now there's a Medicare drug deductible of $590 for 2025. If you max that out, you'll likely pay just 25% of the cost of your drugs until you hit that $2,000 out-of-pocket cap. After that, Medicare ...