Medicare Advantage plans are known for their supplemental benefits, but many beneficiaries remain unaware of these perks or struggle to access them. To address this, a new rule will require plans to send personalized reminders starting in 2025.
Medicare Part D offers valuable prescription drug coverage for Medicare enrollees, helping to manage healthcare costs, especially during retirement. With numerous private insurance companies offering various plans, selecting the right one can be overwhelming. Each plan differs in terms of costs, coverage, and restrictions, making it crucial to carefully evaluate your healthcare needs, current medications, and budget.
For 2025, there will be changes to the Part D program because of the Inflation Reduction Act, impacting both stand-alone Part D and Medicare Advantage Prescription Drug Plans.
Picking the best Medicare plan can feel overwhelming, especially with all the options available.
Here are some tips to take the stress out of Medicare annual enrollment:
There are a few ways to compare Medicare Part D plans:
There are several reasons why it is important to keep your Medicare plan up to date:
A Medicare Advantage plan is a private health insurance plan that you may opt to get your benefits from instead of traditional Medicare. Originally called Part C, Advantage plans usually have an HMO or PPO network of doctors and providers.
Every September, your Medicare plan sends a letter in the mail called the Annual Notice of Change (ANOC). Your Plan ANOC lets you know how your current Part D drug plan or Medicare Advantage (MA) plan will change for the following year.
