Brace for Some Ugly Changes to Medicare Part D Premiums

Seniors are set to see a cap on their prescription drug costs under Medicare starting in 2025, thanks to a new law. However, this silver lining has a cloud, as retirees may be hit with significantly higher Medicare Part D premiums for prescription drug coverage next year. According to a fresh analysis by HealthView Services, a healthcare cost data provider, the average premiums are set to rise between 42% and 57% in 2024 compared to …

Read more

The New Rx Law Brings Nine Major Changes to Medicare

Medicare’s prescription drug coverage will be transformed by provisions in the Inflation Reduction Act of 2022, which, for the first time, allow the program to negotiate prices of some medications with drug manufacturers, cap out-of-pocket costs for beneficiaries, and provide free vaccinations for Medicare enrollees.