Significant changes are coming to Medicare Advantage (a Medicare plan offered by private insurance rather than the government) and Medicare Part D prescription drug plans. It’s essential to understand how your coverage will—or won’t—work for you in 2025.
Due to adjustments under the Inflation Reduction Act (IRA), around 2 million seniors will lose access to their Medicare Advantage plans and will need to enroll in a new health insurance plan.
For Medicare beneficiaries with Part D drug coverage, there’s a new $2,000 cap on prescription drug costs starting in 2025.
“Roughly 2 million Medicare Advantage beneficiaries nationwide are expected to face coverage disruptions,” Susan Reilly, vice president of communications at Better Medicare Alliance, told The Epoch Times in an email….