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Several changes are coming to Medicare Part D prescription drug plans in 2025 that could impact drug costs and plan coverage. One change is an annual $2,000 out-of-pocket cap.
That translates into an average savings of nearly $400 per person for over 18.7 million beneficiaries in 2025, or about 36 percent of total Part D enrollment. 2. Some Part D plan premiums may ...
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.
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 ...
Even with these changes in place, it pays to shop carefully for a Part D drug plan during Medicare's open enrollment, which begins this year on Oct. 15 and runs through Dec. 7. But Medicare ...
(In 2023, once you hit catastrophic coverage, you still owed 5% of your drug costs.) But come 2025, people with Part D plans won’t have to pay more than $2,000 in out-of-pocket costs, thanks to ...