Mitchell J. Thompson’s Post

Major changes to Medicare are coming in 2025 that could benefit you or your loved ones. Out-of-pocket prescription drug costs will be capped at $2,000 annually, you’ll have the option to spread those costs throughout the year with the new Prescription Payment Plan, and more people will be eligible for the Extra Help program. These changes offer relief for those managing high-cost medications or chronic conditions. 💊 💵 Visit National Health Council’s website to learn more about how these updates might impact your budget: https://lnkd.in/ekpuyYT6 #OpenEnrollment2024 #HealthInsurance #EnrollNow #GetCovered #OpenEnrollment #HealthCoverage #MedicareEnrollment #Medicare

Medicare is anything but one-size-fits-all, and navigating it can sometimes feel like you’re trying to find your way through a maze. 🌀 Did you know a Medicare plan in New York could look completely different from what’s available in Florida or Colorado? That’s why it’s so important to regularly review your options—especially with the upcoming changes in 2025, like the new $2,000 cap on prescription drug costs. We encourage you to take some time, ask the right questions, and connect with a local professional who can help you find what works best for your specific needs. It could make a real difference in your coverage. 🎧 Listen to the latest episode of JubilAge to get clear, actionable advice on Medicare: https://bit.ly/3O3Iv01 #JubilAgePodcast #Medicare #Medicare2025 #HealthcarePlanning #Seniors #MedicareChanges #MedicareAdvantage #RetirementPlanning #SeniorHealth #FinancialWellbeing #Medigap #MedicareCoverage

Medicare Part D Elimination Of or Significant Decrease In 2025 Commissions Paid to Agents I would like to hear how other agents who offer Medicare Part D Drug plans are handling the no commission or significantly decreased ($12??) commission this AEP.

🔍 Find the Perfect Plan for 2025: Are You Ready for the Changes Ahead Starting in 2025, Medicare recipients will have their prescription drug costs capped at $2,000 per year? 🎉 While this is great news, it’s more important than ever to choose a plan that covers your medications and fits your budget ⬇️ ✅ Compare options now to find plans with lower premiums and costs. ✅ Get peace of mind knowing you’re prepared for the changes ahead. 📲 Schedule a no-cost consultation with me today: gloriasantana.com. Let’s find the perfect plan for you! #MedicareTips #HealthSavings #MedicareConsultation #medicareadvantage #seniorhealth  Disclaimer: Not connected with or endorsed by the U.S. government or the federal Medicare program.

Time is ticking....Medicare Part D notices are due by October 15, 2024. That's only 12 days away.....where is everyone at?? There have been SIGNIFICANT changes have been implemented to annual out of pocket (OOP) maximums with the Inflation Reduction Act, specifically to prescription drug cost reductions. It is highly encouraged to confirm the creditability of the plan, especially if it hasn't changed in sometime, as the changes may have significantly impacted the credibility. As a reminder: If you are an employer that offers a group health plan with prescription drug coverage, you must notify all Medicare eligible employees with a disclosure notice as to whether the prescription drug coverage offered is considered creditable.

Understanding Medicare is as simple as ABC... and D! Just like the alphabet, Medicare is divided into four parts: A, B, C, and D. If you're 65 or older, it's crucial to grasp how each part works to make informed healthcare decisions. Let's breakdown the structure: Medicare Part A covers hospital care Medicare Part B covers medical services Medicare Part C offers Advantage Plans Medicare Part D provides prescription drug coverage If you have additional questions following this overview, please reach out to www.riversedgewealth.com. #riversedgewealthpartners #understandingmedicare #rewp #redbanknj #understandingmedicarerewp Tara (Eirich) McCarten

Medicare isn’t a one-size-fits-all, and let’s face it—navigating it can feel like wandering through a maze. 🌀 Did you know a Medicare plan in New York can be totally different from one in Florida or Colorado? This can make reviewing your options even more important, especially with some big changes coming in 2025, like the new $2,000 cap on prescription drug costs. I encourage everyone to take time, ask questions, and reach out to a local professional who understands the complexities. It could really make a difference in your coverage. 🎧 Check out the latest episode of JubilAge to get straightforward advice on navigating Medicare: https://bit.ly/3O3Iv01 #JubilAgePodcast #Medicare #Medicare2025 #HealthcarePlanning #Seniors #MedicareChanges #MedicareAdvantage #RetirementPlanning #SeniorHealth #FinancialWellbeing #Medigap

How to Decide if Medicare Part D is Right for You Although most federal annuitants might benefit from keeping Part D, there are three instances where you could benefit from opting out. The Inflation Reduction of Act of 2022 included improvements to Medicare Part D, and some have already been enacted—$35 insulin, no more member cost share in the catastrophic phase of coverage, and limits on premium increases. Next year, all Part D plans must include a $2,000/year maximum out-of-pocket limit per enrollee. To help federal annuitants take advantage of these improvements, OPM allowed FEHB carriers to offer Part D plans this year if they provide prescription drug coverage that, when combined with the FEHB Program coverage, is equal to or better than what’s available through the FEHB plan coverage alone. Click on link to find out more. https://bit.ly/4dTuQ6I

Even with Medicare Part D, sometimes a little extra help covering prescription costs is necessary. Here are some tips to help you drive the prices down a little further:

Did you know there's a program called Extra Help that can significantly lower your Medicare prescription drug costs? Especially if you have limited income and resources, Extra Help can be a game-changer, making your medications much more affordable. Here's the Catch: Not everyone qualifies for Extra Help, and the process can seem daunting. That's where Senior Financial Group comes in! Our team of Medicare specialists can help you: ➡ Understand Extra Help eligibility requirements ➡ Gather the necessary documentation ➡ Walk you through the application process Don't struggle with high medication costs! Let Senior Financial Group help you see if you qualify for Extra Help and get the savings you deserve. Visit https://lnkd.in/eKJnvdb7 to learn more. #Medicare #ExtraHelp #SeniorFinancialGroup #RxSavings #KnoxvilleTN