The world of Medicare is on the verge of significant change — and your coverage will feel the impact. Your Medicare Future Needs a Review This past summer, we contacted all our clients to update them on critical revisions to Medicare enrollments and plans that could greatly affect their benefits in the new year. If you haven’t responded, please contact us immediately with your current coverage information. You only have until Dec. 7 to enroll in Medicare for 2025, and you must review your current plan before it’s too late! WHAT’S NEXT — AND WHY IT MATTERS Under the Inflation Reduction Act of 2022, Medicare was given the authority to negotiate the pricing for select high- cost medications for seniors — a right previously granted to only Medicaid, the Veterans Health Administration, and the Department of Defense. Among other provisions, the Act established a $35, deductible-free monthly cap for a one-month supply of Part D-covered insulin. In January, Medicare beneficiaries will see their out-of-pocket spending cap for Part D medications fall from $3,500 to $2,000. Additionally, plan participants will have access to a new opt- in feature that will help alleviate upfront costs by stretching prescription payments over several months. The anticipated revisions also aim to welcome more mental health professionals into the Medicare system. However, the $1,500 cap reduction could lead to more significant costs for Medicare participants in other areas, particularly with Medicare Advantage plans. Changes for 2025 will also include adjustments to the list of covered drugs. WHAT YOU NEED TO DO Please be aware that you won’t be able to keep your current plan! We strongly urge you to review their plans as soon as possible and ensure that we have this information to help you prepare for these future changes. Your health coverage is too important to put on the back burner. Make preparing for 2025 a priority — let us help you get started today. DON’T DELAY — PROTECT YOUR COVERAGE NOW!
What Our Clients Think!
“Jason is very knowledgeable and is always looking out for
our best interests.” –Dianne Farrelly
“Tim and his team have pointed me in the right direction each and every year.” –James Murdock III “I didn’t have to do it. Options narrowed down to a reasonable number. Selected option best suited to me. If anything changes in the coming year we can adjust as necessary next
open enrollment.” –Mark Johnson
—Tim Hanbury
MEDICAREBLUEPRINT.COM
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