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By Staff Reporters & The Medicare Team
Medicare open enrollment—which runs from October 15th through December 7th this year—is your chance to check in on your Medicare plan and, if needed, change it.
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Mark your calendars — Medicare Open Enrollment starts October 15th! Did you know new benefits are coming to Medicare drug coverage next year?
Starting in 2025, all Medicare plans will include a $2,000 cap on what you pay out-of-pocket for prescription drugs covered by your plan. So, it’s more important than ever to make sure your drugs are covered.
Also starting next year, you can choose to participate in a program that spreads your out-of-pocket drug costs across the calendar year, instead of paying all at once at the pharmacy. It’s called the Medicare Prescription Payment Plan — and you can opt in with your plan throughout the 2025 plan year. Contact your plan for more details.
Preview Coverage Options
Remember, Medicare plans can change from one year to the next, and so can your health needs. Preview and compare all your health and drug options and see if you can save!
The Medicare Team
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Filed under: "Ask-an-Advisor", Drugs and Pharma, Experts Invited, Health Economics, Health Insurance, iMBA, Inc., Insurance Matters, LifeStyle | Tagged: drug payment plan, Drugs, health, Health Insurance, healthcare, healthcare finanancials, iMBA Inc, Institute Medical Business Advisors, medical executive post, medicare, Medicare Advantage, medicare health insurance, medicare open enrollment, pharmacy, RX payment plan, RXs |
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Insurance Agents
“Agents and brokers who sell Medicare Advantage (MA) and Part D plans are not required under CMS regulations to disclose the commission they receive from the MA or Part D plan,” the CMS confirmed by email.
“Under our regulations, agents or brokers are considered downstream entities of MA organizations and Part D sponsors, and thus MA organizations and Part D sponsors are responsible for the actions of agents and brokers who sell on their behalf. CMS may take compliance actions against plans and sponsors for the actions of their agents and brokers as warranted.”
Samuel
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