Stay informed with the latest updates on Medicare Part D changes for 2025! 📅 In this video, we break down the significant changes coming to Part D plans due to the Inflation Reduction Act. These changes will likely mark the most substantial shift in Part D plans in years (also impact Medigap plans).
🔍 Topics Covered:
- What is Medicare Part D? An overview of how Part D works and its importance for your outpatient medication coverage.
- Key Changes for 2025:
- Elimination of the Donut Hole: Understand the new structure of Part D coverage.
- $2,000 Spending Cap: Learn about the new out-of-pocket limit for prescription drugs.
- Shift in Cost Responsibilities: Discover how costs will shift from Medicare to Part D insurance companies.
- New Prescription Payment Plan: Find out how you can spread high medication costs over the year with a new payment plan.
⏰ Video Timeline:
00:00 - 00:55 - Introduction
00:56 - 01:42 - What is Part D?
01:43 - 10:32 - Part D changes from the Inflation Reduction Act
10:33 - 15:15 - Impacts of these new Part D Changes
15:16 - 16:40 - What are Part D companies saying?
16:41 - 23:37 - Our 2025 Part D Predictions
23:38 - 24:40 - What can you do?
📊 Impact Analysis:
Using real-life examples and data, we analyze how these changes will affect Medicare beneficiaries and Part D insurance companies.
Don't miss our upcoming videos, where we will take a look at how these changes to Part D coverage will impact Medicare Advantage plans and Medicare Supplements (Medigap). Subscribe to our channel, share this video with those who need to know, and stay tuned for more Medicare insights!
🔗 Helpful Links:
- Schedule a free call with a trusted Medicare broker: gmedicareteam.com/
- You can also connect with us or find more of our educational resources at doIneedmedicare.com
- 2024 Medicare and You Handbook: www.medicare.gov/publications...
📖 Video Sources:
- Inflation Reduction Act signed into law: home.treasury.gov/policy-issu...
- Part D Changes due to the Inflation Reduction Act: www.cms.gov/inflation-reducti...
- CMS out-of-pocket costs for prescriptions in 2024 vs. 2025: www.cms.gov/files/document/lo...
KFF study for changing prescription drug costs: www.kff.org/medicare/issue-br...
MedPAC 2024 Part D report to Congress: www.medpac.gov/wp-content/upl...
KFF explaining the Part D provisions from the Inflation Reduction Act: www.kff.org/medicare/issue-br...
Why Part D plans prefer higher priced drugs: www.drugchannels.net/2020/05/...
- CMS final part one guidance for the prescription payment plan: www.cms.gov/files/document/me...
- KFF study of people spending $2,000 out-of-pocket: www.kff.org/medicare/issue-br...
- KFF study on high-cost medications: www.kff.org/medicare/issue-br...
- CMS prescription payment plan guidance Part 2: www.cms.gov/files/document/me...
- CVS Earnings Call Transcript: s2.q4cdn.com/447711729/files/...
- Wellcare Q1 earnings call transcript: www.fool.com/earnings/call-tr...
- KFF Part D premiums over time: www.kff.org/medicare/issue-br...
- CMS Base Beneficiary Premium: www.cms.gov/files/document/ju...
- Document breaking down the calculations we did for the video: coming soon!
#Medicare #MedicarePartD #PartDChanges2025 #PrescriptionCoverage #MedicareUpdate #GiardiniMedicare #Insurance #Healthcare #InflationReductionAct #MedicareAdvantage #SeniorHealth #MedicareBrokers
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