MEDICARE OPEN ENROLLMENT IS HERE!

 Big changes are coming for 2025. Make sure you're prepared by reviewing your plan before December 7th.  Offering coverage from premium carriers, we're here to help you navigate through any questions or concerns and process your new coverage!


Chris Williams

Medicare Specialist, Quest Commonwealth

Business Hours: 10am to 5pm

 Call Chris @ 248-290-6497



Protect Yourself Now! Urgent Changes to Medicare Part D in 2025

In the realm of healthcare, staying informed is paramount, especially for Medicare beneficiaries. With the onset of 2025, significant changes are underway in Medicare Part D, impacting prescription drug coverage and out-of-pocket expenses for millions of Americans. Here's what you need to know to safeguard your health and finances.

WHAT YOU NEED TO KNOW!

Summary of Part D Changes for 2025:

  • Out-of-Pocket Caps: Part D drug costs are now capped at $2,000 annually, providing relief from further prescription expenses once reached.
  • Deductibles and Cost-Sharing: Plans may enforce a deductible of up to $590 in 2025. After meeting this deductible, a 25% cost-sharing model applies until reaching the $2,000 cap.
  • Medicare Prescription Payment Plan: Take advantage of new options to spread out-of- pocket drug costs through capped monthly payments. Eligibility starts once you've incurred $600 in total drug expenses, with personalized arrangements directly negotiated with the carrier.

What to Expect:

As the landscape of Medicare evolves, changes are inevitable. Medicare Advantage plans are likely to witness a reduction in benefits, while standalone Part D plans may experience premium hikes. Additionally, formularies—the list of covered medications—will undergo comprehensive revisions.

What Should You Do?

Now more than ever, proactive engagement with your healthcare coverage is crucial. Whether you're enrolled in a Medicare Advantage plan or have a Medigap/Medicare Supplement with standalone Part D coverage, it's imperative to reassess your plan for 2025. Do not assume that your current coverage will remain unchanged. This is the year to consult with a professional agent who can provide tailored guidance.

Beware of Scammers:

Amidst these policy shifts, scammers are on the prowl, preying on vulnerable Medicare recipients. Beware of unsolicited calls or advertisements promising quick fixes or discounts. Protect your personal information vigilantly, and avoid disclosing any details to unknown callers. Instead, seek assistance from trusted local agents who have your best interests at heart.

We represent 15 organizations, which offer 96 products in your area.  Any information we provide is limited to those plans we do offer in your area.  Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program to get information on all of your options.

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