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Part D 2025 The Surprises No One Told You
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Part D 2025: The Surprises No One Told You! • Curious about what surprises Part D 2025 has in store for Medicare? Watch this video to uncover jaw-dropping insights on Medicare Part D drug coverage and the infamous donut hole • Call iHealthBrokers at 888-410-0344. Our services are 100% FREE! • ★☆★ABOUT THIS VIDEO★☆★ • 0:00 Intro • 0:17 Part D Basics • 2:02 Part D Donut Hole • 2:41 Catastrophic Coverage • 4:27 Part D Deductible Premium • 5:50 Insulin Vaccines • 6:53 Part D Drug Costs • 7:26 Extra Help • 7:54 FInal Thoughts • • So, what is Medicare Part D? Part D are your prescription drug plans. Original Medicare does not cover prescription drugs except very limited drugs such as vaccines administered in a doctor’s office, chemotherapy or insulin administered via pump. • These plans are offered by private carriers but are regulated by the federal government. Plans can offer better benefits to compete for your business, but they must adhere to the federal guidelines set each year. • 4 Stages • There are four stages of part D: • Deductible • Initial coverage • Coverage Gap/Donut Hole • Catastrophic Coverage • First and foremost the dreaded coverage gap is gone! In years past once you maxed out your spending in the initial coverage phase you would move into the coverage gap or donut hole. Your coinsurance would then increase to 25% of the drug’s cost which could be extremely costly and also confusing. People could go from paying a few dollars one month to over a hundred the next! • The government has been trying for years to rectify this unfortunate situation and in 2025, the coverage gap is finally gone! That means if you max out your initial coverage phase you’ll move directly into what would have been the catastrophic coverage phase. • More excellent changes here. This has been steady improvements with the biggest one coming in 2025. In years past, once you met the threshold for catastrophic coverage which could be 6, 7 or even 8 thousand, your copays or coinsurance would decrease down to 5%. However, if you had a specialty medication that could cost hundreds of dollars, you’d still be left with a big bill. • In 2024, catastrophic coverage was changed. If you met the 8K threshold you would have no more bills for prescription drugs for the rest of the calendar year. • But 8K is a LOT. In 2025, it has dropped to 2K. • Now some costs will likely be going up. For example the deductible is 2025 is expected to be $590 which is up from 2024’s $545. But that pretty much happens every year. Also, plans can choose to offer lower deductibles to entice beneficiaries. • Premiums are also expected to increase about 7.5%. • There have been changes in recent years with regards to insulin and vaccines. Insulin covered by Part D has been capped at $35 for a 30 day supply for both Part D and MA plans. • Your Part D plan won't charge you a copayment or apply a deductible for vaccines that the Advisory Committee on Immunization Practices recommends • For the first time, Medicare will be able to negotiate directly with manufacturers for the price of certain high-spending brand-name Medicare Part B and Part D drugs that don’t have competition. • Extra Help affording prescription drug coverage (the Part D Low-Income Subsidy (LIS) program) will expand to cover more drug costs for people with limited resources who earn less than 150% of the federal poverty level, starting in 2024. People who qualify for Extra Help generally will pay no more than $4.50 for each generic drug and $11.20 for each brand-name drug. • • 👇SUBSCRIBE TO iHealthBroker's CHANNEL NOW👇 • https://www.youtube.com/channel/UC5jc... • =================================== • • ★☆★CHECK OUT OUR OTHER VIDEOS★☆★ • DSNPS: Medicare Medicaid • • Medicaid Medicare: Dual Eligibility... • How to Pick the Best Medicare Part D Plan • • How to Pick the BEST Medicare Part D ... • Do I Need Medicare Part D with Medicare Advantage? • • Do I Need Medicare Part D with Medica... • Medicare Supplement vs. Medicare Advantage • • Medicare Advantage Plans vs. Medicare... • Part D • • Medicare Part D - All About Medicare ... • • ★☆★CHECK US OUT ★☆★ • WEBSITE: https://ihealthbrokers.com/ • PHONE NUMBER: (888) 410-0344 • F A C E B O O K: / ihealthbrokers • • =================================== • Give us a call or leave a comment below and we'll do our best to help! Make sure to Like and Subscribe today!
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