26/12/2024
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10:42
CSTThe start of a new year often brings changes, and Medicare is no exception. For 2025, several updates to Medicare rules could impact beneficiaries, including changes to premiums, deductibles, and drug coverage. Here is what you need to know as we head into the new year:Changes to Part B PremiumsIf you were enrolled in Medicare Part B before 2025, your premium may increase. For new enrollees in 2025, the standard monthly premium is set at $185. However, individuals earning more than $94,000 annually may face higher premiums.Adjustments to deductiblesMedicare’s deductibles are also changing. For Part A, which covers hospital care, the deductible will increase from $1,632 in 2024 to $1,676 per benefit period in 2025. Keep in mind that this deductible can apply multiple times within a year, depending on the number of benefit periods you have.For Part B, which covers outpatient care, the annual deductible will rise to $257 in 2025.Improvements in prescription drug coverageA significant positive change for 2025 is the new $2,000 cap on out-of-pocket spending for prescription drugs. Additionally, the infamous “donut hole,” or coverage gap, will be eliminated. These changes are expected to provide financial relief for individuals who rely on costly medications.Reducing Medicare costsFor those looking to minimize Medicare expenses, several programs and resources are available:Medigap Plans: These supplemental insurance plans can help cover costs like deductibles and copays.Medicaid: A means-tested program offering additional benefits for eligible individuals.Extra Help: A federal program that reduces prescription drug costs by approximately $5,900 annually for qualifying recipients.Medicare Savings Programs: Four distinct programs provide financial assistance to low-income beneficiaries.Need assistance?Navigating these changes can be complex. If you have questions about the new Medicare rules or want to learn more, contact Medicare at 1-800-MEDICARE (1-800-633-4227). You can also attend a free Medicare Education class offered monthly to better understand these updates and how they affect you.Stay informed and take advantage of available resources to make the most of your Medicare benefits in 2025.
Dom. Dic 29th, 2024
