Ashford Insurance

Category: Medicare Preperation

Navigating the New Medicare Part D Payment Plan: A 2025 Guide
Drugs

Navigating the New Medicare Part D Payment Plan: A 2025 Guide

The Medicare Prescription Payment Plan is a new payment option in the prescription drug law that works with your current drug coverage to help you manage your out-of-pocket costs for drugs covered by your plan by spreading them across the calendar year (January–December). Starting in 2025, anyone with a Medicare drug plan or Medicare health plan with drug coverage (like a Medicare Advantage Plan with drug coverage) can use this payment option. All plans offer this payment option, and participation is voluntary.

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7 Tips for Choosing a Medicare Part D Prescription Drug Plan
AEP

7 Tips for Choosing a Medicare Part D Prescription Drug Plan

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.

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2025 Part D Program Changes
AEP

2025 Part D Program Changes

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.

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