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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.
Some major changes in 2025 include a new $2,000 out-of-pocket max under Part D, eliminating the plan’s “donut hole” coverage gap, and fewer Medicare Advantage plans.
Five cancer drugs − Revlimid, Pomalyst, Imbruvica, Jakafi, and Ibrance − cost Medicare enrollees $11,000 to nearly $15,000 per drug in 2023, according to a KFF analysis.
One of the major changes to Medicare in 2025 is a $2,000 cap on prescription drug costs.. Once someone’s out-of-pocket spending for prescription drugs reaches $2,000, they will no longer have to ...
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.
The Medicare Part D coverage gap (informally known as the Medicare donut hole) was a period of consumer payments for prescription medication costs that lay between the initial coverage limit and the catastrophic coverage threshold when the consumer was a member of a Medicare Part D prescription-drug program administered by the United States federal government.
Starting in 2025, out-of-pocket drug spending will be capped at $2,000 per year. ... One is a standalone plan that only offers drug coverage, and the other is Medicare Advantage plans that bundle ...
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.
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