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Before the caps, "there were a lot of people who were facing really high out-of-pocket costs, sometimes $10,000 (or more) per year," said Leigh Purvis, prescription drug policy principal at AARP ...
Before the law, there was no out-of-pocket cap for Medicare's Part D, the section that covers prescription drugs, which left seniors at risk of "significant financial burdens," the AARP noted.
That news follows the Social Security Administration’s announcement of a 2.5% cost-of-living adjustment (COLA) for 2025, which will add about $50 to the average monthly benefit of roughly $1,900 ...
MA grew from almost zero in 1998 to 33.8 million subscribers in 2024, or 55% of Medicare recipients. 98%+ were enrolled in a zero-premium MA-PD plan (including prescription drug coverage). [ 5 ] In 2022, 295 plans (up from 256 in 2021) covered all Medicare services, plus Medicaid-covered behavioral health treatment or long term services and ...
Starting in 2025, out-of-pocket drug spending will be capped at $2,000 per year. ... to $35 in 2024 and 2025. So, at most, standalone drug plan premiums could increase by $35 per month over 2024 ...
Every year, senior adults have between October 15th through December 7th to enroll in Medicare or change plans. ... “In 2025, 524 PDPs (Prescription Drug Plans) will be offered across the 34 PDP ...
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