Expect Big Changes to Medicare Part D in 2025
October 2024
Patients will ask about changes coming to Medicare Part D in 2025...as open enrollment occurs from October 15 to December 7.
Explain the biggest difference next year is that the annual out-of-pocket cost will be capped at $2,000. And the new Medicare Prescription Payment Plan gives patients the option to pay these costs monthly to the plan...INSTEAD of all at once at the pharmacy.
But point out that the maximum annual deductible for Part D plans will increase to $590...up from $545 in 2024. And the average basic monthly premium will increase by a few dollars.
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