Mon, Sep 30
|Virtual Event
2025 Medicare Changes: what to expect
The most significant changes in Medicare since 2006 are coming this year. Join Medicare expert Andy Firmin to dive into key updates to coverage, premiums, benefits, as well as new policies that may impact you.
Time & Location
Sep 30, 2024, 5:00 PM – 6:00 PM EDT
Virtual Event
About the discussion
The Inflation Reduction Act that was signed into law August 16, 2022, has gradually adjusted the Medicare Prescription Drug (Part D) program since January 2023. This law will be fully implemented on January 1, 2025.
Although the Inflation Reduction Act was an attempt to lower the cost of prescription drugs, it shifts financial burden from Medicare onto the Insurance Companies and PBMs (Pharmacy Benefit Managers who manage the drug plans). This transfer of cost may negatively affect many Medicare Part D Prescription Drug Plans and Medicare Advantage Plans (Part C) going forward.
This interactive session will dive into:
The most significant changes in Medicare since 2006, including a $2,000 Max-out-of-Pocket for Prescription Drugs under Medicare
Prescription Drug Payment plan, which is newly introduced for the 2025 Plan year
Potential unintended consequences, including: