Money saving changes for seniors
Important changes are coming to Medicare’s prescription drug benefits in 2025 that could save patients real money.
The changes include a $2,000 cap on out-of-pocket prescription drug costs and a new program designed to help Medicare enrollees spread out their medication costs over the course of the calendar year. The changes are a part of the Inflation Reduction Act (IRA) and take effect for this open enrollment – October to December. If you are someone living with a serious illness or illnesses and you have been historically used to high out-of-pocket costs, that $2,000 cap is welcome news.
