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  2. Medicare caps seniors drug expenses: What you need to know - AOL

    www.aol.com/news/medicare-caps-seniors-drug...

    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 ...

  3. Medicare coverage will change in 2025. Some boomers are ... - AOL

    www.aol.com/medicare-coverage-change-2025...

    The 2025 enrollment period for Medicare opened recently. Some older Americans' deductibles, prescription drugs, and out-of-pocket costs will go up.

  4. Here's what to know about Medicare's new $2,000 prescription ...

    www.aol.com/heres-know-medicares-2-000-174637852...

    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.

  5. Medicare premiums rise for 2025, nicking retirees' Social ...

    www.aol.com/finance/medicare-premiums-rise-2025...

    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 ...

  6. Biden drug cost cap will save seniors about $1,100 a year ...

    www.aol.com/news/biden-drug-cost-cap-save...

    The report was conducted by AARP, which lobbied for the passage of the Inflation Reduction Act in 2022. ... More than a million U.S. seniors will save $1,100 in prescription drug costs every year ...

  7. Medicare Prescription Drug, Improvement, and Modernization ...

    en.wikipedia.org/wiki/Medicare_Prescription_Drug...

    Medicare Prescription Drug, Improvement, and Modernization Act; Long title: An act to amend title XVIII of the Social Security Act to provide for a voluntary prescription drug benefit under the medicare program and to strengthen and improve the medicare program, and for other purposes. Acronyms (colloquial) Medicare Modernization Act or MMA ...

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