Tue
Oct 1 2024
03:13 pm

Starting in 2025, all Medicare [drug] plans will include a $2,000 cap on what you pay out-of-pocket for prescription drugs covered by your plan. If your out-of-pocket spending on covered drugs reaches $2,000 (including certain payments made on your behalf, like through the Extra Help program), you’ll automatically get “catastrophic coverage.” That means you won’t have to pay out-of-pocket for covered Part D drugs for the rest of the calendar year.

$2,000 cap on what you pay out-of-pocket for prescription drugs

Medicare Prescription Payment Plan

bizgrrl's picture

I do appreciate what is being

I do appreciate what is being done to make Medicare Part D, drug plans, better. However, in the past two years the upgrades to Medicare Part D have also doubled our premiums. Last year we changed our plan to bring the premium back down to near what it was. I'm thinking we will want to do the same this year. Can't get attached to a Medicare Drug plan or company. In ten years or so, if I am so lucky to live that long, it will probably be harder and harder to decipher the options.

bizgrrl's picture

Medicare Prescription Payment

Medicare Prescription Payment Plan

Wow. Another confusing option. Possibly good for some but you won't know until the payments start and then probably won't know for at least several months.

I did select the "Will this payment option help me" option. It said it would not help me.

jbr's picture

Glad to see the "Donut Hole"

Glad to see the "Donut Hole" gone. As long as the new system is better.

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